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How two friends built Revolve into a fashion empire with Instagram influencers - Los Angeles Times

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Two young tech co-workers named Michael, who knew absolutely nothing about fashion, unexpectedly found themselves in the rag bin of the dot-com bust at the beginning of the century. Now they’re running one of the fastest-growing e-commerce clothing companies in the nation: Revolve Group. It was valued at nearly $1.5 billion when it recently went public and, despite a snag here and there, is headed to more than $600 million in sales this year. Michael Mente, 38, and Mike Karanikolas, 41, are co-chief executives of Revolve, whose initial public offering in June was one of the year’s most successful. Shares opened on the New York Stock Exchange at $25.16, almost 40% higher than the $18 asking price. The Cerritos company raised $211.7 million. Revolve is only one of the fashion e-tailers harnessing the social media marketing juggernaut to sell to young and urban customers, but it’s the first to pull back the dressing room curtain to give the world a look at its financial underpinnings. In

By Ronald D. White Staff Writer Aug. 25, 2019 4 AM PT 1 Share via Close extra sharing options Email Facebook X LinkedIn Threads Reddit WhatsApp Copy Link URL Copied! Print p]:text-cms-story-body-color-text" data-subscriber-content> Two young tech co-workers named Michael, who knew absolutely nothing about fashion, unexpectedly found themselves in the rag bin of the dot-com bust at the beginning of the century. Now they’re running one of the fastest-growing e-commerce clothing companies in the nation: Revolve Group . It was valued at nearly $1.5 billion when it recently went public and, despite

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