Funko LLC acquired the contemporary fashion accessories company Loungefly. Financial terms were not disclosed.
Loungefly, a Southern California-based company sells a selection of handbags and fashion accessories under various licensed brands such as Disney, Marvel, Star Wars, Sanrio, and Pokémon. Products are sold through specialty stores, boutiques, and department stores around the country.
Funko designs, sources, and distributes collectible products through multiple categories. It also recently announced its acquisition of certain assets of Underground Toys Limited in London.