In the late 1980s, a small band of New Yorkers decided to turn their passion for fashion into a real-life business.
The band, Ksubis, would go on to become one of the most recognizable fashion brands in the world, and now they’ve been acquired by the Chinese company, Zimpress, for a reported $3.2 billion.
The company’s mission is to create a global supply chain for clothing, shoes, and accessories.
But their vision was much more ambitious than that.
In an interview with Business Insider, Kobi Sotiri, a founder of the company, described his vision for the future of fashion: The future of clothes is going to be much more global, it’s going to have to be made in the United States.
That’s a huge shift.
Sotiris said the idea of clothing as a global business has been in the works for decades.
In fact, it was a point of pride for him.
He said, “When I started this business in 1984, we weren’t talking about fashion in the US.
But I said, you know what, if the United Nations is going, then this is a huge opportunity for us.”
ZimPress’ mission to create global supply chains for fashion has also had an impact on the brand’s brand identity.
Kobi said the Ksubiyas have created their own brand identity around the notion that the brand was created to represent the people of New York City.
“They started this company, they were the founders, and they were like, ‘OK, what’s this?
This is the way to do it.’
They were the first company to create their own logo.
They were just the first.”
Zimbpress’ mission has led to some surprising success.
According to the company’s founder, Zobiasz Zobieslaw, Zimbis brand is the most recognized brand in the U.S. Today, the brand is considered one of New Jersey’s most recognizable brands.
Zimbiriss brand is one of several companies that have been acquired in the past decade.
In 2014, Zempress acquired a global clothing and accessories supply company, the Lush Company.
In 2015, Zimmos clothing company acquired a U.K. clothing company, YSL, for $600 million.
And last year, Zisser’s clothing company purchased a German clothing and footwear manufacturer, Adidas, for roughly $300 million.
“It was the biggest acquisition in history,” Zim Press president and CEO, Peter Krivok said of the Lushes acquisition.
The Lushes buyout comes after a tumultuous year for the brand.
In 2017, Zimmermans clothing company was forced to shut down after allegations of corruption, and in 2018, the company announced it would be closing its doors.
In 2020, the family-owned brand went into bankruptcy after it was hit by a massive ransomware attack.
The family later sued Zim press and Zim Products, accusing the company of failing to make necessary repairs and failing to provide adequate warranty coverage.
“I am so proud of the team that has worked so hard to keep our family business afloat,” Zims sister, Zobez Zimmerman, told Business Insider in 2017.
“We have been through tough times in the last year and a half, and we are all still working to come through with the business.”
In 2016, Zimmers daughter, Zomie Zimmermann, announced she was leaving the family business, and was eventually able to continue her work with Zim products.
I will miss Zim, but Zim will always be with me, in a sense.” “
After much thought and research, we are going to take some time to be together.
I will miss Zim, but Zim will always be with me, in a sense.”
Zobis and Zimmer are the founders of Zimb Press.
The two have been friends since childhood, and have remained in close contact ever since, according to Zim.
They’ve been working together to build Zimb press, and Zobys company has expanded beyond apparel to also manufacture clothing, including suits and accessories for women.
“Peter and I are very much a team,” said Zim at the time.
“In my opinion, this is one team that will have the best success, and it will be a great place for our brand to be, to be a part of the fabric of New Yorks fashion.
I hope Zim is not the last name we will ever have.”