Omar Bailey, the former head of adidas YEEZY Innovations Lab and his partner Abhishek Som, a former Wall Street and private equity executive, have created their own sneaker production company. The company titled FCTRY LAb, founded eight months ago, is situated in Los Angeles and will support both emerging and established designers. One of the main advantages of the company will be the shortened time of production due to its location, and avoiding the delays tied to overseas supply chains. It is reported that the production time will last from one to three months, where other production companies produce their footwear from eight to twelve months. Given that Bailey has been in the business of a designer engineer for 20 years, there is no doubt that the company will rise quickly, as they already proved with fundings from major companies such as PayPal-backed Slauson & Co, with additional investment from Relay Ventures, Elysian Park Ventures, Level One Fund, and Fog City Capital. The company is set to become fully operational in January and will offer the latest innovations of 3D printing, pattern making, injection molding and more.
SNEAKERS
