58.2 F
Laguna Hills
Thursday, May 23, 2024
-Advertisement-

Apparel Maker Takes Equity Stake

La Jolla Group LLC in Irvine acquired an equity stake in Laguna Beach-based apparel maker Roark Revival for an undisclosed amount.

La Jolla, which has the license to make clothes and accessories under the O’Neill Clothing, Metal Mulisha and FMF brands, will provide finance, accounting, logistics and technology, human resources, planning and sourcing, and Roark will handle sales, product design, merchandising and marketing.

“This partnership allows us to thrive operationally, while remaining in control of our own destiny and brand,” Roark founder and President Ryan Hitzel said in a news release. “It’s a turbo boost for one of the most challenging pillars of a small business.”

La Jolla struck a similar deal in August with Scottsdale-based apparel maker Spiritual Gangster.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-