Assembled Brands announced the closing of a $3 million credit facility for the Samuel Hubbard Shoe Co. With this partnership, the California-based footwear brand will continue to scale its business and build its audience.
The Samuel Hubbard Shoe Co., Founded in 2013 by Bruce Katz, is an American footwear brand designed in Mill Valley, CA, and crafted in Portugal.
A Co-founder of Rockport Shoe Co., Katz founded Samuel Hubbard to continue his family’s legacy designing and marketing premium footwear. Hubbard’s are sold throughout the U.S. as well as in Sweden, Finland, Holland, and Belgium.
“We’re incredibly excited to welcome Samuel Hubbard to the AB portfolio,” said Michael Lipkin, president and COO at Assembled Brands. “Our facility will provide Samuel Hubbard the stability and resources necessary to scale its visibly impressive growth trajectory to date.”
Katz added, “We are pleased to be working with a ‘bank’ that understands the direct-to-consumer marketplace. With this credit line, which was established in early February, we will be able to keep up the pace of our new product development effort which fuels our growth over time.”
Samuel Hubbard will join a portfolio at Assembled Brands that includes a number of high-profile consumer brands, including Khaite, Juneshine, Felix Gray, and Richer Poorer, among others. In the past eight weeks, Assembled Brands announced a series of high-profile financings, including a $4 million credit facility with QALO, a $1.5 million facility with Koral, and a $1 million facility with Wandering Bear.
Illustration courtesy Samuel Hubbard