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This question is about PacSun.
Who owns PacSun?
Golden Gate Capital owns PacSun. The company was originally founded by Jack Hopkins and Tom Moore in 1980 as a small surf shop in Seal Beach, California. PacSun grew its business selling products from established surf brands and later expanded into skate and streetwear labels.
The company went public in 1993 and, at its peak, had 1,300 store locations in all 50 states. From 2009 to 2017, Gary Schoenfeld was the CEO of PacSun. After he left the organization, James Gulmi became the interim CEO.
In 2014, PacSun had annual revenue of $797.79 million.
Then in 2016, PacSun filed for Chapter 11 bankruptcy and was reorganized when it was acquired by Golden State Capital, making PacSun a privately owned company again. Then in 2018, PacSun merged with Eddie Bauer, also owned by Golden State Capital, to form PSEB.
As of 2020, PacSun had 8,200 employees working for the company.
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