La Jolla Sport USA, Inc.

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La Jolla Sport USA, Inc. - overview

Established

1960

Location

-, NJ, US

Primary Industry

Consumer Products

About

La Jolla Sport USA, Inc. is a surf and lifestyle apparel company embodying the California surfing culture, offering a diverse range of clothing and accessories designed for both casual beach-goers and avid surfers. La Jolla Sport USA, Inc. specializes in surf and lifestyle apparel and was founded in 1960 in the United States.


The company was acquired by La Jolla Group in June 2016; financial terms were not disclosed. CEO Marc Setton leads the company, overseeing its operations and strategy. Hang Ten USA primarily specializes in surf and lifestyle apparel, exemplifying a strong connection to the California surf culture. The company offers a range of products including men's and women's clothing such as tees, tanks, swimwear, shorts, and jackets, as well as accessories like e-gift cards.


Their core product line emphasizes sun protection and comfort, catering to both casual beach-goers and serious surfers. By promoting an authentic surfing lifestyle, Hang Ten appeals to a diverse customer base that includes outdoor enthusiasts and fashion-forward individuals seeking casual wear. The company operates in various international markets, with notable sales in North America, Europe, and select regions in Asia, where beach and surf culture have significant traction. Hang Ten USA generates revenue through direct-to-consumer sales, primarily via its online platform, where customers can purchase individual products directly.


The company employs a straightforward pricing strategy, with flagship items like the Starfish Rashguard offered at competitive prices to attract customers. Transactions typically occur when consumers select items and add them to their digital shopping carts, facilitating a seamless checkout experience. The brand also engages in promotional strategies, such as offering discounts for first-time buyers and free shipping on orders over a specified threshold, enhancing customer acquisition and retention. This direct sales model is complemented by potential collaborations with retailers and partnerships, which may further expand their market reach.


In the near future, Hang Ten USA plans to introduce new apparel lines that align with current surf trends, though specific release dates have yet to be announced. The company is also targeting expansion into new markets, specifically in Europe and Asia, with plans for a presence in these regions by 2024. The recent acquisition by La Jolla Group will provide the necessary support for these initiatives, utilizing resources to enhance product development and market entry strategies.


Current Investors

La Jolla Group

Primary Industry

Consumer Products

Sub Industries

Furniture, Footwear, Clothing, Beauty & Hygiene, Accessories

Website

www.hangten.com

Verticals

E-commerce

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

La Jolla Sport USA, Inc. - 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)
BuyoutCompletedLa Jolla Sport USA, Inc.-

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