T F Apparel Pty Ltd.

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T F Apparel Pty Ltd. - overview

Established

2008

Location

Brisbane, Queensland, Australia

Primary Industry

Retail

About

T F Apparel Pty Ltd. , based in Brisbane, Australia, specializes in streetwear and sneakers, providing trendy apparel designed for urban lifestyles to a diverse clientele across multiple international markets. Founded in 2008 by Simon Beard, T F Apparel Pty Ltd. operates primarily through its brand Culture Kings, which focuses on streetwear and sports fashion.


The company has undergone a corporate transition, becoming a portfolio company of Summit Partners following a transaction that completed in March 2021, valuing the company at AUD 600 million. Simon Beard continues to serve as CEO, drawing on his experience in fashion retail. Culture Kings specializes in streetwear clothing and sneakers, catering to a diverse clientele that includes men, women, and sports enthusiasts. The company’s core offerings consist of a wide range of branded apparel, footwear, and accessories designed to meet the contemporary urban lifestyle.


Their products appeal to consumers seeking stylish, comfortable clothing that aligns with current fashion trends and are available in international markets including Australia, New Zealand, and the United States, through both physical stores and a robust online platform. Culture Kings generates revenue primarily through direct-to-consumer sales via its online store and physical retail locations. The company offers individual items including exclusive streetwear collections and branded sneakers at competitive prices, supported by a straightforward pricing structure and various payment options, including Afterpay and Klarna. This strategy facilitates consumer transactions, enhancing the appeal of their offerings.


The company plans to expand its global footprint utilizing the financial backing from the recent investment by a. k. a. BRANDS, Inc.


in February 2021. With the goal to enhance product offerings and enter new geographical markets, T F Apparel Pty Ltd. aims to broaden its reach beyond existing territories. Specific details about upcoming product launches are yet to be disclosed, but the management is focused on leveraging the investment to facilitate growth and market expansion.


Current Investors

a.k.a. BRANDS, Inc.

Primary Industry

Retail

Sub Industries

Clothing Stores

Website

www.culturekings.com.au

Verticals

E-commerce

Company Stage

Add-on

Total Amount Raised

Subscriber access only

T F Apparel Pty Ltd. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedT F Apparel Pty Ltd.-

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