2.0 Ventures Acquires Majority Stake in Feat Clothing, Inc.
2.0 Ventures, a leading Private Equity Company headquartered in Salt Lake City, proudly announces its acquisition of a majority stake in Feat Clothing, Inc., a prominent player in the E-Commerce industry. While the financial terms of the transaction remain undisclosed, this strategic move solidifies 2.0 Ventures' commitment to fostering growth and innovation within the consumer goods sector.
Co-Founded by Taylor Offer in 2014, Feat Clothing, Inc. has demonstrated exponential success, with its last funding round in March 2022 valuing the company at $75 million. In light of this acquisition, Offer will transition from his role as Founder/CEO to a position on the Board of Directors. Notably, Offer, who reportedly held approximately 80% ownership of Feat Clothing, Inc. through his holding company at the time of the transaction, expresses enthusiasm for his future endeavors. He shares, "I am excited for long walks with my dog on the beach, only using my flip phone, and finally ordering guac on my Chipotle burrito."
While Offer will no longer operate on the day to day of the business, Feat's core ethos, product offerings, distribution channels, and dedicated team will remain unchanged, ensuring continuity and consistency for its valued customers and stakeholders.
This acquisition marks a significant milestone for both 2.0 Ventures and Feat Clothing, Inc., setting the stage for continued growth, innovation, and success in the dynamic consumer goods landscape.
About 2.0 Ventures:
2.0 Ventures is a Salt Lake City-based Private Equity Company dedicated to identifying and investing in high-potential businesses across various industries. With a strategic focus on fostering innovation and driving sustainable growth, 2.0 Ventures is committed to creating long-term value for its portfolio companies and stakeholders.
About Feat Clothing, Inc.:
Feat Clothing, Inc. is a leading player in the E-Commerce industry, renowned for its innovative product offerings and commitment to quality and style. Founded by Taylor Offer, the company has garnered widespread acclaim for its unique designs, celebrity partnerships and exceptional customer service, establishing itself as a trailblazer in the competitive fashion market.
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