Stikeleather Apparel Has Acquired Online Retailer White Plum
LOS ANGELES, June 22, 2016 /PRNewswire/ — STIKELEATHER APPAREL HOLDINGS, INC. (stikeleatherapparel.com) of Los Angeles, California announced today that it has successfully has acquired White Plum, Inc. (whiteplum.com) a Modesto, California, online women’s retailer.
Stikeleather is an innovative designer of cutting edge men’s clothing and fashion accessories, often using its patented magnetic closure technology to create seamless designs. It will, in the future, be able to offer these seamless closure designs to the hundreds of thousands of loyal women who regularly buy their clothing online from White Plum.
White Plum, a $9.5 million annual revenue online retailer, has three main marketing channels for both its custom designs and competitively-priced items purchased in bulk and sold though its own website (whiteplum.com) and on Zulilly and jane.Com. White Plums’ consumer is generally women aged 25-45.
Jon Tullo, Managing Director of Belmont Acquisitions Corp., advised on the transaction and arranged financing.
“When Jon Tullo introduced the idea of acquiring White Plum to me, I immediately saw the vision to move the company to Los Angeles to take advantage of the depth of talent in the garment industry and also the opportunity to create innovative designs for young women that would eliminate the bumps and seams that other closure designs cause in women’s fashion. By combining both companies, I could create scale and increase revenues dramatically,” noted Ian Stikeleather, CEO of Stikeleather Holdings.
“We, at Belmont, really listen to our clients and, after consulting with Ian, I understood his vision for Stikeleather. That allowed us to find just the right target acquisition to fit his needs and arrange 100% of the financing,” stated Jon Tullo, Managing Director of Belmont Acquisitions Corp.
Stikeleather plans grow the company in multiple ways: by expanding the current marketing program, taking the product into retail outlets, adding a children’s line, Sugar Plum, and an upscale line, the White Plum Collection, a plus-size line, and adding new products in line with the customer’s interests and the passions of the young mom on the go.
In the near future Stikeleather plans to relocate White Plum from Modesto, California to Stikeleather’s headquarters in Los Angeles, California. URL is whiteplum.com.
About Stikeleather Holdings:
Stikeleather Apparel Holdings, Inc. is the company that owns and operates STIKELEATHER, a contemporary menswear label that explores the border between street wear and sportswear with minimalist style lines and an inventive approach to its closure… a proprietary neodymium magnetic closure, Magnex™. Ian Stikeleather, the founder, is a graduate of the Art Institute of Indianapolis where he earned a Bachelor’s degree in Fashion/Apparel Design following receiving a Ball State University Bachelor’s degree in Entrepreneurship/Entrepreneurial Studies. Go to www.stikeleatherapparel.com for more information.Read more
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