Stanley Black & Decker, Inc. to Acquire LoveShackFancy

Stanley Black & Decker, Inc. announced today that it has entered into a definitive agreement to acquire LoveShackFancy, a leading global lifestyle brand known for its bohemian and feminine aesthetic, for $310 million.

The acquisition is expected to close in the third quarter of 2023, subject to customary closing conditions.

LoveShackFancy was founded in 2003 by Rebecca Hessel Cohen and is headquartered in New York City. The brand offers a wide range of products, including women's apparel, accessories, home goods, and beauty products.

Stanley Black & Decker is a world leader in the design, manufacture, and marketing of power tools, hand tools, and related accessories. The company has a portfolio of iconic brands, including Stanley, Black & Decker, DeWalt, and Craftsman.

"We are excited to welcome LoveShackFancy to the Stanley Black & Decker family," said Stanley Black & Decker President and CEO Don Allan. "LoveShackFancy is a unique and successful brand with a loyal customer base. We believe that this acquisition will strengthen our position in the lifestyle category and help us to continue to grow our business."

"We are thrilled to be joining forces with Stanley Black & Decker," said LoveShackFancy Co-Founder and CEO Rebecca Hessel Cohen. "Stanley Black & Decker has a long history of success and innovation, and we believe that together we can take LoveShackFancy to new heights."

The acquisition of LoveShackFancy is part of Stanley Black & Decker's strategy to expand its portfolio of lifestyle brands. In recent years, the company has acquired several other lifestyle brands, including Lenox, Pfaltzgraff, and Wüsthof.