UK-based hedge fund acquires celebrity fashion brand Dimepiece in $50 million deal

For immediate release

(London, UK) March 12, 2021:Dimepiece LA, a clothing brand recognized by celebrities and street fashionistas alike for its fashion-forward looks and empowering and inspiring messaging and aesthetics has been acquired by an undisclosed UK-based hedgefund in a $50 million takeover deal that will see the brand re-launched in the UK later this year. 

Dimepiece LA, which was launched in early 2007 quickly gained traction in the US fashion world thanks to its bold look andwoke messaging. The female-led, woman’s fashion brand includes hoodies, sweatshirts, hats, clutches, and a variety of other accessories in its latest line.

Amongst its fans are former United States First Lady, Michelle Obama, who wore items from the brand’s line during her appearance at SXSW, celebrity and fashion influencer Kylie Jenner during an appearance at an Adidas event in 2018 also flaunted fashions from the Dimepeice and acclaimed singer-songwriter Missy Elliot was also spotted wearing the brand’s signature look while speaking at the International Women’s Conference at the SXSW festival.

The brand, which prides itself on having some of the most environmentallyfriendly shipping methods which are designed to be less destructive to both human and animal habitat has, since its inception, been a corporate leader with a focus on diversity, environmentalism and female leadership. The management and direction shown by the brand’s founders Laura Fama and Ashley Joneshave led to the brand being positioned well ahead of the trend. The brand’s persona and heartfelt commitment to social and environmental justice have led to it being embraced by some of the fashion world’s biggest publications including Vogue, Elle, Cosmopolitan, Vice, among other top publications.

This week’s acquisition by the UK-based hedge fund will provide an opportunity for Dimepiece to grow the brand globally. The hedge fund intends to focus on a UK brand relaunch later this year. Dimepiece LA will be re-launched with new corporate leadership and a slightly different direction.

For more information, or to browse Dimepiece’s current line, please visithttps://dimepiecela.com.

For up-to-date information, sales and daily inspiration, connect with Dimepeice on social media @dimepiecelaon Instagram and Twitter.

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Ekaterina Mironova

https://cbdlifemag.com/

Ekaterina Mironova is a co-founder of CBD Life Mag and an avid blogger on the Hemp, CBD and fashion subjects. Ekaterina is also on the panel of the CBD reviewers and she most enjoys CBD gummies. Ekaterina has developed a real interest in CBD products after she started taking CBD tincture oil to help her ease her anxiety that was part-and-parcel of her quick-paced city career. When Ekaterina realised just how effective CBD is, she has founded CBD Life Magazine along with some of her friends. When she is not blogging, you are likely to see Ekaterina in front of her souped up Alienware laptop gaming or delving into the world of Cryptocurrency. Ekaterina also boasts a very large collection of Penny Black Posts stamps and silver hammered Medieval coins. Ekaterina's other interest include swimming, painting, traveling, shopping, spending a good time with her friends and helping animals in need. Ekaterina has featured in some of the leading publications such as Vanity Fair, Country Living, Vogue, Elle, New York Times and others.

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