L Catterton has significant experience investing globally in apparel and digitally-native companies. Current and past investments in the space include ba&sh; Just Over The Top (JOTT); Ganni; Sandro, Maje & Claudie Pierlot; Savage X Fenty; Sweaty Betty; and ThirdLove.
VF shares have fallen 64% in the past year, giving it a market value of about $10 billion.
Eric Taylor, CEO of Salon Republic, described Riata as a great fit for his company’s culture and strategies.
In 2023, Heyday plans to open over 30 shops, with a total of 135 committed franchise units on the horizon in major markets including Denver, Boston, Austin, Phoenix and more.