Johnnie-O, whose surfer-dude logo has become a recognizable symbol of “West Coast prep,” has secured an investment of $108 million.
The e-commerce channel, in particular, has been growing rapidly, leading to sales and EBITDA growth of more than 80 percent in 2021, the company said, and it expects to continue to grow online as well as through wholesale channels as a result of this infusion of capital.
Dave Gatto, chief executive officer of Johnnie-O, added, “We are delighted to partner with such high-caliber firms as Wasatch and Ares as we continue to grow our brand and community and build the next great iconic American brand.”
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