NEW RETAIL PLATFORM AND FRANK AND OAK OWNER UNIFIED COMMERCE GROUP ANNOUNCES INVESTMENT IN SPIRITUAL GANGSTER
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LOS ANGELES, Dec. 12, 2023 ~ Today, Unified Commerce Group (UCG) announced their investment in Los Angeles based athleisure brand Spiritual Gangster. Along with existing management, UCG will acquire a majority stake and Lambros Piscopos, who previously held the role of CFO/COO at Spiritual Gangster, will lead the brand as CEO.

UCG was founded in 2019 by Dustin Jones and Greg Freihofner as a platform to enable a new generation of purpose-driven lifestyle apparel brands to scale through shared services, anchored by data-driven customer and business insights. In 2020, UCG acquired Canadian fashion brand Frank And Oak, where it implemented an operational overhaul to evolve the business from a subscription-based model to a multi-channel retailer with a clear path to scale. Since that acquisition, the brand has seen consistent year-on-year growth and margin improvement; as well as becoming a leading voice on sustainable fashion.

Spiritual Gangster was founded for a customer base seeking wellness, positivity, and empowerment. UCG is committed to leveraging its resources and leadership team to amplify Spiritual Gangster's unique brand DNA and purposeful message and product.

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Dustin Jones, CEO and Co-Founder of Unified Commerce Group said "We have chosen to invest in Spiritual Gangster because we believe it is a brand waiting to be ignited. With its distinctive lifestyle positioning, and balanced product mix of athletic and lounge wear, it already has a loyal customer base, but has not yet reached its full potential." He added "With UCG's focus on developing multi-channel distribution and customer-centric strategies, we know this is a brand with enormous potential to grow in the US and beyond."

Ian Lopatin, Founder of Spiritual Gangster said "My wife Vanessa and I built Spiritual Gangster over more than a decade to be a leading voice in the world of yoga and wellness. It has always been important to us that the future stewards of the brand share our vision and values," He added "I've known Dustin, Greg, and Lambros for a number of years, and have strong confidence that they will bring new opportunities to bring the brand to its full potential."

Lambros Piscopos commented "Spiritual Gangster is a beloved brand with a team of passionate creatives that have led the company through its successful first decade." He added "We are looking forward to bringing "SG" into a new era with a fresh leadership vision and the operational benefits and global network of UCG's brand platform."

Unified Commerce Group's investment in Los Angeles based athleisure brand Spiritual Gangster marks an exciting new chapter for both companies. With UCG's commitment towards amplifying Spiritual Gangsters unique DNA & purposeful message & product along with their focus on developing multi-channel distribution & customer centric strategies; this partnership looks set for success!
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