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 Post subject: What happened to FUBU
PostPosted: Thu Aug 23, 2012 5:53 am 
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Remember FUBU? Well they were bought by a Korean company and relaunched as a K-pop fashion brand. Their mascot is a pretzel now and they collaborate with Hello Kitty.

http://fubu.co.kr/contents/home.jsp


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PostPosted: Thu Aug 23, 2012 6:38 am 
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Fucking. Amazing.


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PostPosted: Thu Aug 23, 2012 3:02 pm 
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Awesome Vatican Assassin
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for us-uu by us-uu

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PostPosted: Thu Aug 23, 2012 3:09 pm 
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kindof want a fubu hello kitty shirt now just to see all the :naswtf: faces


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PostPosted: Thu Aug 23, 2012 6:07 pm 
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:lol:

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PostPosted: Thu Aug 23, 2012 8:31 pm 
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OG FISTOLA
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wow. :owens:


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PostPosted: Fri Aug 31, 2012 4:30 pm 
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Samsung has owned FUBU since the mid-90s, yo.

http://www.success.com/articles/1063-fu ... -marketing
Quote:
John knew it was time to capitalize on the growing buzz surrounding his brand, so in 1994 he and his partners took FUBU to an industry trade show in Las Vegas. The group was inundated with more than $300,000 in orders. But no one paid up front, and John’s group had no way of producing the clothes on such a mass scale. John went back to New York and mortgaged the house he and his mother owned. With that $100,000, John turned his home into a makeshift clothing factory. He could still only fill a third of his orders, so he went to banks in search of financing.

“I got turned down by about 27 banks, and I was turned down because I was poorly prepared,” John says. “I didn’t know what banks needed to see; I didn’t know how to write a business plan; I didn’t know about business forecasting; I didn’t know anything.”

Desperate, John took out an ad in The New York Times seeking investors. Out of the dozens of loan sharks and prank calls he received, only two or three real potential investors contacted him. One, the president of Samsung’s textile division, was especially promising. Samsung watched John and FUBU over the next several months. Within a year, he and the company had a distribution deal. Soon FUBU was in department stores and malls across America.


IIRC they bought a controlling stake, but shit was kept under wraps for obvious reasons. After it fell off as an urban brand in the US they've been much more open about it:

http://www.samsungamerica.com/g/fubu.asp


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PostPosted: Tue Sep 04, 2012 11:36 pm 
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PostPosted: Tue Sep 04, 2012 11:50 pm 
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:rofl: :rofl: :rofl:

Very well played.


(also forgot to :smugkid: myself on that last post, so doing it now).


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PostPosted: Sun Sep 16, 2012 10:37 pm 
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Kim Jong iLL
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ardamus wrote:
:lol:

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