- Prachi Singh |
Foot Locker, Inc. has made a strategic investment in Carbon38, picking a minority stake in the women’s luxury activewear brand. The company said in a media statement that 15 million dollars Series A funding round brings the total raised by Carbon38 to 26 million dollars since 2013.
“We have admired the Carbon38 story and mission since we met three years ago,” said Lauren B. Peters, Foot Locker’s Executive Vice President and Chief Financial Officer in a press release, adding, “As part of the partnership, Peters will join Carbon38’s board of directors. In addition to the support of Carbon38’s exceptional growth potential that our investment provides, we expect to leverage the team’s keen industry insights and focus in order to elevate our own SIX:02 banner’s performance.”
“We are excited to have Foot Locker as an investor as we continue to scale our business and expand our omni-channel strategy, both in the US and internationally,” said Katie Warner Johnson, Carbon38 cofounder and CEO, adding, “This funding enables us to accelerate our path of rapid growth and achieve our mission of defining a new category of luxury active ready-to-wear for women.”