EVERETT — Funko announced Monday that it has entered into an agreement to acquire Loungefly, a Southern California contemporary fashion accessories company that makes among other things R2-D2 purses.
Loungefly’s products include a wide selection of handbags, wallets and fashion accessories that are adorned with or incorporate pop culture characters from Disney, Marvel, Star Wars and Pokémon. One of the slogans on the company’s website is “Shop with the Force.”
Terms of the deal weren’t released.
“We have long admired Loungefly and the company’s unique and differentiated collection of accessories and are excited to welcome them to the Funko family,” said Brian Mariotti, CEO of Funko, in a news release.
The deal allows Funko to move into the accessories and handbag category, Mariotti said. Funko makes vinyl figurines of pop culture characters from Star Wars to Marvel to DC and also makes apparel, home decor and stuffed figures called Plushies.
Loungefly founder Trevor Schultz said in the release that Funko is the ideal partner for its company and looks forward to working with the “innovative Funko team.”
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