Bandier, the leading luxury activewear retailer, has raised a $34.4 million growth equity round, led by Eurazeo Brands. Ohana & Co. acted as exclusive financial advisor to Bandier.
Bandier was founded in 2014 by namesake Jennifer Bandier, a former music executive turned retail entrepreneur. Jennifer founded the multi-label retailer with a mission to fill the white space of easily accessible and stylish activewear product. The first Bandier store opened in Southampton, NY with an experiential retail model. Today, the company has seven retail stores in key U.S. markets and a strong e-commerce business which accounts for approximately half of the company’s revenue. Bandier also operates Studio B, a boutique fitness location, and has a loyal following of nearly 300,000 fitness enthusiasts.
“Our vision for Bandier is to be the premiere multi-channel platform for an active woman who loves fashion, fitness and wellness” said Jennifer Bandier, Co-Founder and Chief Brand Officer. Neil Boyarsky, Co-Founder and Chairman went on to say, “Eurazeo Brands’ retail expertise and global approach make them the perfect partner for our next phase of growth.”
The round was led by Eurazeo, a leading global investment company with approximately €17 billion in assets under management. Eurazeo Brands, the division of Eurazeo which focuses on differentiated consumer and retail brands with global growth potential, is investing $25 million in Bandier, in partnership with company founders Jennifer Bandier and Neil Boyarsky, and venture capital firm C Ventures, led by Adrian Cheng and Clive Ng.
The total capital raised is $34.4 million. Bandier was advised by Ohana & Co. on this investment.