Transaction will extend the collectibles business into new accessories categories.
Financial terms of the transaction were not disclosed.
“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,” says Brian Mariotti, chief executive officer, 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.”
Founded in 1998, Loungefly designs and sells a wide selection of handbags and accessories under such licensed brands as Disney, Marvel,
, Sanrio and Pokémon. Loungefly products can be found via specialty
“As a leader in pop culture consumer products, Funko is the ideal partner for Loungefly’s portfolio of licensed and branded lifestyle accessories,” says Trevor Schultz, founder, Loungefly. “We look forward to working with the innovative Funko team to extend our unique product offering into new channels of distribution and licenses.”
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