FUBU: Difference between revisions
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In 2018, Puma a footwear brand, began an acquisition with Fubu to create a number of shoes and later acquire the company for $300 million.<ref>{{Cite news|url=https://hypebeast.com/2018/2/puma-fubu-tsugi-jun-release-date|title=FUBU & PUMA Join Forces Again for '90s-Inspired Tsugi Jun|work=HYPEBEAST|access-date=2018-02-06}}</ref> |
In 2018, Puma a footwear brand, began an acquisition with Fubu to create a number of shoes and later acquire the company for $300 million.<ref>{{Cite news|url=https://hypebeast.com/2018/2/puma-fubu-tsugi-jun-release-date|title=FUBU & PUMA Join Forces Again for '90s-Inspired Tsugi Jun|work=HYPEBEAST|access-date=2018-02-06}}</ref> |
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According to ''[[Complex (magazine)|Complex]]'' FUBU's decline occurred due to their over saturating the market, as John has publicly stated, "The biggest mistake we made with the brand was buying more inventory than we needed. This was around 2001." Since then, FUBU has continued to collaborate with various brands including [[Pyer Moss]] and [[Urban Outfitters]]. In March 2019, FUBU announced a new partnership with [[Century 21 (department store)|Century 21]].<ref>[https://www.complex.com/style/2019/03/fubu-comeback-hip-hop-streetwear-brands How Fubu Is Making a Comeback]</ref> |
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==Collection== |
==Collection== |
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Revision as of 18:45, 25 June 2020
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| Industry | Clothing, hip hop apparel |
|---|---|
| Founded | 1992 |
| Headquarters | United States |
| Products | Casual wear sports wear suit collection eyewear belts shoes |
| Owner |
|
| Website | fubu |
FUBU (pronounced "foo-boo") is an American hip hop apparel company. FUBU stands for "For Us, By Us" and was created when the founders were brainstorming for a catchy four-letter word following other big brands such as Nike and Coke.[1] It includes casual wear, sports wear, a suit collection, eyewear, belts, and shoes.
History
The company was founded in 1992 by Daymond John, J. Alexander Martin, Keith Perrin, and Carlton Brown. Their initial products were a collection consisting of 80 hats made in 1989 in John's house and sold on the street in Hollis, Queens, New York. According to the company website, John mortgaged his home for $100,000, and with that seed money, the company's co-founders rebuilt half of his home as a factory while the other half remained living space.[2] Clothing store Montego Bay, on Queens' Jamaica Avenue was the first to carry the FUBU line. Legendary retailer Macy's soon followed, to great success, at one point featuring the four FUBU founders in a live, interactive window display in its flagship store on 34th Street.[3]
FUBU founders attended the MAGIC men’s apparel show in Las Vegas with samples and got $300,000 worth of orders, but, had no idea how to fulfill them. John’s mother suggested they advertise in the New York Times for an investor.[1] In 1995, South Korean company Samsung answered a classified ad and invested in FUBU.[4]
At its peak in 1998, FUBU grossed over $350 million in annual worldwide sales.[5] FUBU has received several honors for their entrepreneurial achievements. These include two Congressional Awards, two NAACP Awards, the Pratt Institute Award, the Christopher Wallace Award, the Online Hip-Hop Award and a Citation of Honor from the Queens Borough President.[citation needed]
In 1999, LL Cool J starred a commercial for Gap Inc. in which he wore a FUBU hat and incorporated the phrase “For Us, By Us” into his rap lyrics. The commercial's production team was unaware of the meaning behind LL's FUBU references until the advertisement aired.[1] The subsequent controversy proved to be a tremendous publicity boost for both companies by simultaneously establishing FUBU in the mainstream, while giving Gap "street credibility".
In 2003, FUBU mostly withdrew from the U.S. market, concentrating its efforts in Saudi Arabia, China, Korea, Japan and South Africa, while acquiring other apparel brands. In 2009, annual revenue of the company was around $200 million.[5]
In 2010, FUBU relaunched its collection in the U.S., re-branding itself as FB Legacy.[5]
In 2018, Puma a footwear brand, began an acquisition with Fubu to create a number of shoes and later acquire the company for $300 million.[6]
According to Complex FUBU's decline occurred due to their over saturating the market, as John has publicly stated, "The biggest mistake we made with the brand was buying more inventory than we needed. This was around 2001." Since then, FUBU has continued to collaborate with various brands including Pyer Moss and Urban Outfitters. In March 2019, FUBU announced a new partnership with Century 21.[7]
Collection
The FUBU collection consists of T-shirts, rugby shirts, hockey and football jerseys, baseball caps, shoes, and denim jeans. All are embroidered with the FUBU logo. Most of the products, such as the jeans, are imported from around the world. FUBU has now expanded to include various lines such as Platinum FUBU, FUBU footwear for men and women, intimate apparel, active wear, swimwear, watches, FUBU suits, and FUBU tuxedos. The Platinum FUBU collection also includes the Fat Albert line where the FUBU founders first got approval from Bill Cosby. [3]
FUBU Records
 | This section needs additional citations for verification. (May 2017) |
From 2001 to 2003, FUBU established a record label, first releasing a compilation album entitled The Good Life in 2001 and then an album by the 54th Platoon entitled All or Nothin' in 2003. Both albums made it on the Billboard charts.
| Year | Title | Chart positions | |
|---|---|---|---|
| U.S. Billboard 200 | U.S. R&B | ||
| 2001 | The Good Life
|
52 | 9 |
References
- ^ a b c Keith Perrin interviewed by Ian Lewis and Natalie Milbrodt. Time Period: 1970 - 2015. Keith Perrin, First Full Interview. Digital audio recording made using TASCAM DR-07 digital recorder and Audacity.
- ^ "FUBU Mainpage, Who we are/The company/Company profile". Archived from the original on March 4, 2000.(archived site)
- ^ a b Keith Perrin interviewed by Ian Lewis and Natalie Milbrodt. Time Period: 1999 - 2015. Keith Perrin, Second Full Interview. Digital audio recording made using TASCAM DR-07 digital recorder and Audacity.
- ^ "Samsung C&T America, Inc. - FUBU". Archived from the original on 2012-06-11. Retrieved 2012-09-03.
- ^ a b c Nance-Nash, Sheryl (2010-07-24). "FUBU Founder Daymond John Stages His Next Act". DailyFinance.com. Archived from the original on September 24, 2012. Retrieved 2012-09-03.
- ^ "FUBU & PUMA Join Forces Again for '90s-Inspired Tsugi Jun". HYPEBEAST. Retrieved 2018-02-06.
- ^ How Fubu Is Making a Comeback
