“The
Stio business has hit a great stride and achieved aggressive growth
targets for six quarters running, while our YOY business will more than
double in 2014,” said Stephen Sullivan founder and CEO. “The brand is
resonating strongly and our direct-to-consumer model is performing even
better than we anticipated. Although we’ve been fortunate to have a
supportive group of investors since Stio’s inception, our trajectory and
near-term plans to expand our Stio Mountain Studio™
locations demanded a new level of capitalization. I am pleased to
welcome Sandbridge Capital, LLC, as a new partner in our efforts.”
Sullivan launched the Stio brand
in the fall of 2012. Stio apparel blends mountain town style with
backcountry performance, resulting in product that moves seamlessly
between outdoor and urban environments. Stio sells exclusively via
catalog, website and its Stio Mountain Studio™ in Jackson, Wyoming.
David
Fife, Managing Partner of Sandbridge Capital, LLC commented, “Steve and
his team have built Stio into a world-class brand in short order, and
with a limited capital base. We are excited to come in at this stage to
both accelerate and support Stio’s growth.” Fife continued, “it is
increasingly rare to find a young company with such outstanding product,
experienced leadership, strong operational foundation, and such a
focused business model – we are excited to work with the Stio team and
add value where we can.”
With the success of
the Stio Mountain Studio™ retail store in Jackson, the brand recently
engaged real estate broker Jones, Lang and LaSalle (JLL) in a national
search for new retail locations. Stio is also ramping its catalog and
other promotional efforts and has recently added Jackson, Wyoming-based
creative agency TMBR, as well as digital advertising specialists FastG8
to its team.
About Stio
Headquartered
in the heart of the Tetons in Jackson Hole, Wyoming, Stio was founded
to inspire connection with the outdoors through beautiful, functional,
and innovative products infused with the soul of mountain lifestyle.
Stio’s “mountain town style meets backcountry performance” product is
sold via the Stio Mountain Studio™, Stio catalogs and the Stio website. www.stio.com
By Stio
By Stio
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