New York-based fashion label, Khaite, has been making waves in the industry with its rapid expansion and steadily increasing popularity. Founded in 2016 by Catherine Holstein, the brand has quickly gained a strong following in the United States. To support its ongoing growth, Khaite has recently welcomed Stripes, a New York-based private equity firm, as its new partner.

The success of Khaite is evident through the recent recognition received by its founder, Catherine Holstein. She was honored as the “Women’s Ready-to-Wear Designer of the Year” at the prestigious CFDA Awards in 2022. This accolade further solidifies Khaite’s position as a rising star in the fashion world. Additionally, the brand has just opened its first flagship store in the trendy Soho neighborhood of New York City.

Khaite has been supported thus far by Assembled Brands, its majority shareholder. Assembled Brands is a brand incubator founded by Adam Pritzker and Vanessa Traina, both renowned experts in the business and fashion industry. The exact amount of the investment from Stripes has not been disclosed, but the firm has listed Khaite as one of the brands it has invested in for the year 2023.

Stripes specializes in investing in software and consumer goods labels, and already boasts several fashion brands in its portfolio. These include Brunt, a workwear specialist, On Running, a Swiss sports shoe manufacturer, and Parade, an American underwear company. With the new partnership, Khaite joins this esteemed list of fashion labels backed by Stripes.

In just a few years, Khaite has established itself as one of the most exciting brands to watch on the New York fashion scene. Catherine Holstein, with her extensive experience working for renowned brands like Gap, Vera Wang, J. Crew, Maiyet, and The Elder Statesman, has captured the attention of the public with her minimalist yet effortlessly chic style. She takes basic and classic pieces and breathes new life into them, resulting in designs that are both elegant and irresistible.

Among Khaite’s standout designs are its ready-to-wear clothing, shoes, bags, and accessories, which have gained a cult following. For example, the brand’s cashmere cardigans and Japanese canvas jeans have become beloved wardrobe staples. Khaite has garnered a wealthy clientele in New York, including celebrities like Katie Holmes and Kendall Jenner. This has led to the brand being valued at over $100 million (€94 million).

With the partnership with Stripes, Khaite is well-positioned to continue its journey of growth and innovation within the fashion industry. The brand’s unique blend of minimalism and sophistication has struck a chord with consumers, solidifying its position as a leading name in American fashion. As Khaite expands its presence, we can expect to see even more exciting developments from this rising star.

Useful links:
Khaite official website
Stripes group official website