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New Retail Platform And Frank And Oak Owner Unified Commerce Group Announces Investment In Spiritual Gangster

Dec 12, 2023about 2 years ago
Los AngelesLifestyleFashionE Commerce

Investors

Lambros PiscoposUcgUnified Commerce Group

Description

Today, Unified Commerce Group (UCG) announces their investment in Los Angeles based athleisure brand Spiritual Gangster. Along with existing management, UCG will acquire a majority stake. Lambros Piscopos, who previously held the role of CFO/COO at Spiritual Gangster, will lead the brand as CEO.

Company Information

Company

Spiritual Gangster

Location

Los Angeles, California, United States

About

Spiritual Gangster was founded in 2008 by renowned yoga instructors, Vanessa Lee and Ian Lopatin. Since then, Spiritual Gangster has grown from a yoga studio house brand into a global phenomenon. It is a lifestyle brand made for and inspired by those with an unwavering commitment to the practice of high vibration living, and joins ancient wisdom with contemporary culture to create elevated products for the modern wellness enthusiast and fashion lover alike. Collections are created with intention and purpose through thoughtful design and inspiring messaging, and the brand's goal is to create a high vibration community fueled by wellness, love, positivity, and joy. Spiritual Gangster distributes through their website www.spiritualgangster.com and over 200 wholesale partners across the globe.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers