Velvet - Ownership and Business Overview

Apparel/textilesCompany

Velvet Ownership

Who owns Velvet?

Velvet is owned by Adastria. It was acquired on April 6, 2017.

Was Velvet formerly PE-backed?

Yes. Velvet was formerly owned by 1 private investor.

Velvet Business Overview

Where is Velvet headquartered?

Velvet is headquartered in Culver City, California.

What sector is Velvet in?

Velvet is an apparel/textiles company.

When was Velvet founded?

Velvet was founded in 1997.

Apparel/textiles M&A Summary in 2017

Out of 60 sectors in the Mergr database, apparel/textiles ranked 32 in number of deals in 2017. The largest apparel/textiles acquisition in 2017 was Kate Spade - which was acquired by Tapestry for $2.4B.

Join Mergr to view all 96 acquisitions of apparel/textiles companies in 2017, including 30 acquisitions by private equity firms, and 66 by strategics.

Velvet

Velvet, Inc.

3961 Landmark Street,
Culver City, California 90232
United States,
(310) 391-9292
www.velvet-tees.com

Velvet designs, manufactures and sells upscale women's and men's apparel. Velvet's portfolio covers a wide range from contemporary to designer price points and includes t-shirts, tops, pants, shorts, skirts, dresses and other categories. Products are primarily sold domestically through wholesale (department and specialty stores), online and retail channels and internationally through distributors.


Company Summary

SECTOR

Apparel/Textiles

Established

1997

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