About The Commerce Group
The Commerce Group is headquartered in Webster, Massachusetts. Property and casualty insurance subsidiaries include The Commerce Insurance Company and Citation Insurance Company in Massachusetts, Commerce West Insurance Company in California, American Commerce Insurance Company in Ohio, and State-Wide Insurance Company in New York.
Latest The Commerce Group News
Dec 13, 2023
By Dec 13, 2023 Unified Commerce Group announced on Tuesday it has made a majority stake investment in Los Angeles based athleisure brand Spiritual Gangster. Spiritual Gangster Exact financial terms of the deal were not disclosed. The owner of the Frank and Oak brand said Lambros Piscopos, who previously held the role of CFO and COO at Spiritual Gangster, will lead the Spiritual Gangster brand as CEO, following the acquisition. Ads Founded in 2008 by yoga instructors, Vanessa Lee and Ian Lopatin, Spiritual Gangster has grown from a yoga studio house brand into a global lifestyle brand that creates "high vibration" apparel and collections for both men and women. It is distributed via its own e-commerce site, as well as 200 wholesale partners across the globe. With the investment, UCG said it will leverage its resources and leadership team to amplify Spiritual Gangster's brand DNA and purposeful message and product, both local and overseas. "We have chosen to invest in Spiritual Gangster because we believe it is a brand waiting to be ignited. With its distinctive lifestyle positioning, and balanced product mix of athletic and lounge wear, it already has a loyal customer base, but has not yet reached its full potential," Dustin Jones, CEO and co-founder of Unified Commerce Group. "With UCG's focus on developing multi-channel distribution and customer-centric strategies, we know this is a brand with enormous potential to grow in the US and beyond." Founded in 2019 by Dustin Jones and Greg Freihofner, Unified Commerce Group started out as platform to enable purpose-driven lifestyle apparel brands to scale through shared services, using data-driven customer and business insights. In 2020, UCG acquired Canadian fashion brand Frank and Oak, where it transformed the business from a subscription-based model to a multi-channel retailer. "My wife Vanessa and I built Spiritual Gangster over more than a decade to be a leading voice in the world of yoga and wellness. It has always been important to us that the future stewards of the brand share our vision and values," said Ian Lopatin, founder of Spiritual Gangster. "I've known Dustin, Greg, and Lambros for a number of years, and have strong confidence that they will bring new opportunities to bring the brand to its full potential."
The Commerce Group Frequently Asked Questions (FAQ)
Where is The Commerce Group's headquarters?
The Commerce Group's headquarters is located at Webster.
What is The Commerce Group's latest funding round?
The Commerce Group's latest funding round is Acquired.
Who are the investors of The Commerce Group?
Investors of The Commerce Group include MAPFRE.