Bailey44, a privately held contemporary women’s clothing brand known for its distinctive and versatile American design, today announced that Norwest Venture Partners (NVP), a leading multi-stage investment firm, has acquired a 50% stake in the company. Co-founded in 2006 by two veterans of the women’s fashion industry, the Bailey44 collections are made up of perfectly fit and trendy pieces that appeal to women of many ages. With this investment, NVP Sonya Brown and Rob Arditi joined the Board of Directors of Bailey44. The financial details of the investment have not been disclosed
Demonstrating significant double-digit growth year after year, Bailey44 has quickly become a major player in the contemporary women’s clothing market. In addition to Intermix, E Street Denim and several hundred active retailers across North America, Europe and Asia, Nordstrom’s, Saks Fifth Ave, Neiman Marcus and Bloomingdales carry the brand Bailey44. Bailey44 sales were also boosted by online retailers such as Revolve Clothing and Piperlime. The company’s growth plans include increasing brand awareness, international growth, category expansion and increasing its online presence. Management will continue to operate the business from the Los Angeles headquarters of Bailey44.
“In NVP, we have found a partner who will work with us to realize our expansion plans in new and exciting areas. Sonya Brown and Rob Arditi have worked closely with Bailey44’s senior management team to ensure that the company’s culture, vision and path remain essentially unchanged. We are thrilled to leverage Norwest’s consumer experience and strategic expertise in e-commerce, international expansion and marketing to help bring our brand to the next level,” said Ruthy Grode, co-founder and CEO of Bailey44.
“Bailey44 is a leading women’s contemporary premium clothing brand that is already highly profitable and well positioned for continued growth. The management team, which has worked together for nearly 10 years, has a remarkable record in manufacturing and launching well-designed clothing lines. We are thrilled that Bailey44 has chosen NVP as its partner, and we look forward to working closely with the team to continue building a strong position in the women’s contemporary apparel category,” said Sonya Brown, NVP General Partner.
“As a well-established company, Bailey44 did not need an investment partner. We therefore feel very fortunate that the company has chosen Norwest as its partner for the next stage of Bailey44’s growth,” said Rob Arditi, NVP Vice President.
Bailey44 is a privately held contemporary women’s clothing brand based in Los Angeles, known for its distinctive and versatile American designs. The company was launched in 2006 by two veteran women in the fashion industry. The Bailey44 proprietary 44 Knit fabric is the core of the company’s 12 annual deliveries, including the Bailey44 Bandage Dress. Each collection is made up of perfectly fit and trend pieces that appeal to women of many ages. Every garment is proudly made in the USA, with European-made knits. Bailey44 is transported across the U in top specialty stores. S and Europe, as well as leading department stores and online stores worldwide Visit Balley44 Com