Funko, LLC, a leading pop culture consumer products company has entered into an agreement to acquire Loungefly, a premiere contemporary fashion accessories company.
With the passage of time, Loungefly has become a design driven lifestyle accessory brand constantly striving to be innovative and aiming to inspire.
Founded in 1998, and based in Southern California, Loungefly designs and sells a wide selection of unique handbags and fashion accessories under licensed brands that include Disney, Marvel, Star Wars, Sanrio, and Pokémon. Its products are sold through specialty stores, boutiques and department stores nation-wide.
“We have long admired Loungefly and the company’s unique and differentiated collection of accessories and are excited to welcome them to the Funko family,” said Brian Mariotti, CEO of Funko.
“As we continue to extend our business into new and existing categories, this transaction provides us with key capabilities in the accessory and handbag category. We see tremendous opportunities to combine their creative design process with our speed-to-market capabilities, expanded distribution channels, and broad license portfolio to deliver accessories to our loyal fans featuring their favorite pop culture icons and characters,” he added.
Funko is a leading creator and innovator of licensed pop culture products to a diverse range of connected consumers.
The Company designs, sources and distributes high-velocity collectible products across multiple categories. It had acquired certain assets of London-based Underground Toys Limited (UTL), a leading creator, manufacturer and distributor of licensed products.
Headquartered in Everett, WA, Funko is a leading pop culture consumer products company. Known for its whimsical, fun and unique products that enable fans to express their affinity for their favourite ‘something’ whether it is a movie or a TV show.
