Garrett Leight California Optical Receives $20M Investment

Garrett Leight California Optical has received a $20 million investment from The Untitled Group, which will own a majority stake in the company.

The investment will “drive global direct to consumer growth” for Los Angeles-based GLCO, FashionUnited UK reports.

Founder Garrett Leight will retain a minority share in the brand and will serve on the executive team.

Founded in 2012, GLCO has six stores and is distributed in more than two dozen countries.

Plans call for opening 10 to 15 new stores over the next half-decade.

WWD describes The Untitled Group as “a newly formed investment platform specializing in emerging consumer brands.”

Read more at FashionUnited UK