Third Estate LLC

Third Estate LLC is a contemporary streetwear brand that specializes in versatile fashion, including a range of denim and casual clothing aimed at young adults seeking stylish and comfortable apparel. Founded in 2016 in Los Angeles, US, Third Estate LLC focuses on contemporary streetwear and has successfully completed one deal, with their most recent funding occurring on October 14, 2021, through an Add-on round led by a. k. a.

BRANDS, Inc. , raising USD 48. 6 mn. The company was acquired by a.

k. a. BRANDS, which aims to enhance its position within the US streetwear market. The founders of Third Estate include Govind Maheshwari, Jennifer Astrella, Maria Ogliastri, and Vinod Kharat, while the current CEO is Daniel Wotapks, with Edsel Dope and Miles Davies also in leadership roles.

Third Estate specializes in contemporary streetwear and denim, offering products like baggy, flare, and skinny denim fits, cargo pants, shorts, tees, and hoodies. The brand appeals to young adults and fashion-forward individuals, focusing on casual yet trendy clothing for everyday wear. Their products are distributed in various markets, including the United States, Canada, and select regions in Europe. Third Estate operates a direct-to-consumer revenue model through its e-commerce platform, allowing individual purchases and promotional offers like 'buy one, get one free.

' Their pricing strategy is positioned to attract both value-seekers and trend-conscious shoppers, ensuring accessibility to items such as the Rave Double Cargo Pants and Ultra Baggy Carpenter Shorts. The company maintains a straightforward sales approach without intermediaries, emphasizing high-quality materials and distinct designs to enhance customer loyalty. Following the acquisition on October 14, 2021, Third Estate plans to utilize the recent funding to expand its product line and enhance its market presence. The company is working on new product designs aimed at launching in the upcoming seasons, targeting growth in the US streetwear market.

Additionally, Third Estate aims to explore opportunities in new geographic regions to reach a broader audience.