Chubbies Shorts

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Chubbies Shorts - overview

Established

2011

Location

Austin, TX, US

Primary Industry

Retail

About

Chubbies Inc. is a US-based company specializing in the design and retail of men's apparel, particularly shorts and swim trunks, catering to active lifestyles with a focus on comfort and style. Chubbies Inc. focuses on manufacturing and retailing men's apparel, with a primary emphasis on shorts and swim trunks.


The company was founded in 2011 and is headquartered in Austin, Texas, US. Founders Preston Rutherford, Rainer Castillo, and Tom Montgomery have a history of entrepreneurship. In September 2021, Chubbies was acquired by Solo Brands, LLC, which is backed by Bertram Capital and Summit Partners. The company has completed five deals, with the latest funding round occurring in September 2021, raising USD 4.


00 mn from investors including Burch Creative Capital, Lerer Hippeau Ventures, Ridge Ventures, and Rothenberg Ventures. Chubbies Shorts specializes in producing a diverse array of men's apparel, particularly focusing on various styles of shorts and swim trunks. Their product line includes the Palm Springers classic swim trunks, Original shorts, and Everywear shorts, designed for comfort and functionality. Chubbies' shorts feature materials like quick-drying fabrics and performance mesh liners, appealing to consumers seeking casual and athletic wear for leisure and sports.


Their marketing primarily targets male customers looking for stylish and comfortable clothing suitable for summer outings, vacations, and recreational activities, with efforts to expand into international markets through wholesale partnerships and online sales. Chubbies Shorts generates revenue mainly through direct-to-consumer sales via their e-commerce platform and partnerships with retailers and wholesalers. The company offers a pricing structure that appeals to consumers valuing quality and style, supported by promotional discounts such as "Buy 2, Get USD 25 Off" and markdowns on select items. Their loyalty program allows customers to accumulate points for discounts on future purchases, fostering customer retention and encouraging repeat transactions.


The acquisition by Solo Brands, LLC, aims to create a new outdoor platform and will leverage the latest funding of USD 4. 00 mn to support these initiatives. Although specific new product launches have not been specified, the company is expected to enhance its product offerings to align with outdoor activities. As part of their growth strategy, Chubbies looks to expand its market presence, with particular focus on reaching new geographic regions as part of their overall business development strategy.


Current Investors

Rothenberg Ventures, Square 1 Bank

Primary Industry

Retail

Sub Industries

Clothing Stores

Website

www.chubbiesshorts.com

Verticals

E-commerce

Total Amount Raised

Subscriber access only

Chubbies Shorts - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedChubbies Shorts-

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