Ken fox stripes group software#
Stripes specializes in high-growth software and consumer businesses, with investments in the sustainability-minded Reformation, workwear brand Brunt, running shoe company On Holding, intimates brand Parade and more. We are excited to build from this tremendous foundation to support the team in scaling a global luxury house.” Ken Fox, founder and partner at Stripes, said, “Khaite is an extraordinary brand rooted in product quality and taste. The new money will be used to power the brand’s next stage of growth. Khaite offers ready-to-wear, footwear, handbags and accessories through 270 points of distribution with 120 global partners as well as its own e-commerce and brick-and-mortar operations.
The next stage of investment will further accelerate Khaite’s expansion and ensure greater visibility for an already iconic brand that is redefining American luxury.” “In partnership with Cate, we accomplished the extremely audacious goal of building the foremost American luxury brand. “Cofounding and building Khaite has been an honor,” Pritzker said. Holstein started the business in 2016 with an initial investment from Adam Pritzker of Assembled Brands. This is also the start of an exciting chapter for Holstein with the deal closing just as she prepared to welcome her first child. “After opening the first store on Mercer Street in February, we are strategically looking ahead to continue to grow and strengthen our presence on a global scale.”
“This is an exciting chapter for Khaite,” said Catherine Holstein, who was named the 2022 Womenswear Designer of the Year by the Council of Fashion Designers of America. The buzzy brand launched by Catherine Holstein said it was receiving an investment from New York growth equity firm Stripes. Khaite found a new partner for its next phase.
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