2XU

2XU
Company typePrivate
IndustryTextile
FoundedJanuary 2005; 19 years ago (2005-01)
FoundersClyde Davenport, Jamie Hunt, Aidan Clarke
Headquarters
Melbourne, Victoria
,
Australia
Area served
Worldwide
ProductsCompression garment
Website2xu.com

2XU Pty. Ltd. is an Australian/New Zealand multinational corporation engaged in the design, development and selling of sportswear, mostly compression garment for sports such as triathlon, cycling, running, open water swimming, and physical fitness.[1][2][3][4][5] Founded in 2005 by Clyde Davenport, Jamie Hunt and Aidan Clarke, the company is headquartered in Melbourne, Victoria.[2][6]

2XU stands for "Two Times You," which symbolises the multiplication of human performance.[6][7]

2XU has been worn by world champion athletes including triathlete Emma Snowsill and currently holds official alliances with organisations including Rowing Australia, the Australian Paralympic Committee, United States Ski and Snowboard Association, and the Australian Institute of Sport.[6][8][9]

History

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In 2003, Clyde Davenport approached Jamie Hunt & Aidan Clarke about creating a sportswear brand. Davenport had recently sold his eponymous underwear line.[6]

In March 2012, 2XU acquired Sports Multiplied which was renamed 2XU North America.[2]

In May 2013, 2XU launched its interactive microsite, Athlete 2.0.[10] The site provided more tools to achieve multiplying athletic performance through its gear, recovery, workouts, and nutritional portals.[10]

In 2017, 2XU collaborated with Kanye West to design a wetsuit for his Yeezy Season 5 fashion line.

Ownership

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In 2011, Lazard Australia Private Equity acquired a minority interest share in the 2XU business.[11] In December 2013, L Capital acquired 40 percent of 2XU.[4][12]

The L Capital investment cost a reported A$75 million (US$68.3 million). L Capital is a private equity firm sponsored by French luxury retail company LVMH Group.[12][13]

Stores

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Within Australia, 2XU is retailed in 20 of its own 2XU Performance Centres, and stocked in major sports stores across the country including Rebel Sport, Amart Sports, Anaconda, The Iconic, and Melbourne Sports and Aquatic Centre (MSAC).[14] In May 2013, 2XU opened its first Performance Centre in the United States, 2XU Santa Monica, in Los Angeles, California, and the company opened a store in the Fashion Island shopping centre in Newport Beach in June 2014.[15][16] Outside of Australia, 2XU has 24 distributors across 50 countries in Asia, Central and South America, Europe, and North America.[1][4]

Sport affiliations

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2XU was the apparel supplier of the Gold Coast Football Club in 2013 and 2014.[17]

2XU sponsors multiple sports teams and events, including the Surrey Men's League, a company-sponsored cross-country league, and the 2XU Compression Run, a half-marathon held annual in Singapore since 2011.[18][19]

It also sponsors 2XU Stroke & Stride, a swimming and running biathlon located in New Zealand, as well as the 2XU Great Ocean and Otway Classic Ride, a bike ride that starts and ends in Torquay.[20][21]

The company also sponsors 2XU New Zealand Davis Cup, a tennis team.[22] 2XU is the official compression supplier to the Australian Institute of Sport, Ironman Triathlon, and for the U.S. Ski and Snowboard Association.[14]

See also

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References

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  1. ^ a b "2XU Case Study". Microsoft. 19 March 2012. Retrieved 2 November 2014.
  2. ^ a b c "Lazard Backed 2XU Acquires Sports Multiplied". Asian Venture Capital Journal. 28 March 2012. Retrieved 2 November 2014.
  3. ^ Tom Pollak (13 January 2014). "Latest Hercules Wimbledon news: Surrey cross-country title hopes are fading". Kingston Guardian. Retrieved 2 November 2014.
  4. ^ a b c Sue Mitchell (2 December 2013). "2XU gears up for global role". The Australian Financial Review. Fairfax Media Management.
  5. ^ Debra Smith (29 December 2013). "How to run in comfort during Northwest winters". Herald Net. Retrieved 2 November 2014.
  6. ^ a b c d Larissa Ham (15 November 2012). "Brand champion makes global strides". The Age. Retrieved 2 November 2014.
  7. ^ Chow Yong Jun (2 April 2013). "2XU Compression Run 2013: Hope and Courage Multiplied". Run Society. Retrieved 2 November 2014.
  8. ^ Rebekka Wake (22 March 2011). "2012 Aussie Paralympic Team Chooses 2XU". Australian Paralympic Committee. Archived from the original on 3 November 2014. Retrieved 2 November 2014.
  9. ^ "Sponsors". Australian Sports Commission. Archived from the original on 3 November 2014. Retrieved 2 November 2014.
  10. ^ a b "2XU Launches Interactive Athlete 2.0 Campaign and Sweepstakes". Endurance SportsWire. 6 May 2014. Retrieved 2 November 2014.
  11. ^ Kitney, Damon. "Wylie to shift 2XU expansion plans up a gear". The Australian. Retrieved 20 June 2013.
  12. ^ a b Andrew Woodman (2 December 2013). "L Capital Acquires 40% of 2XU, Lazard sees 2x Multiple". Asian Venture Capital Journal. Retrieved 2 November 2014.
  13. ^ Melinda Oliver (2 December 2013). "2XU gets $75 million boost from LVMH's L Capital Asia to fuel international growth". SmartCompany. Retrieved 2 November 2014.
  14. ^ a b "2XU Performance Centre opens at Melbourne Sports and Aquatic Centre". Aussie Leisure. 9 October 2014. Retrieved 2 November 2014.
  15. ^ "2XU opens second retail store, hires USA president". Bicycle Retail. 9 June 2014. Retrieved 2 November 2014.
  16. ^ "2XU Newport Beach Grand Opening in Fashion Island". Guest of a Guest. June 2014. Archived from the original on 3 November 2014. Retrieved 2 November 2014.
  17. ^ "New look SUNS twice the team with 2XU - goldcoastfc.com.au". goldcoastfc.com.au. Retrieved 18 April 2017.
  18. ^ "20,000 To Run 2XU Compression Run In Support Of Daffodil Days". Run Society. 1 March 2013. Retrieved 2 November 2014.
  19. ^ "2XU Compression Run raises $35,000 for S'pore Cancer Society". AsiaOne. 2 March 2014. Archived from the original on 27 October 2014. Retrieved 2 November 2014.
  20. ^ "2XU Stroke & Stride - Race 7". Beginner Triathlete. 7 March 2012. Retrieved 2 November 2014.
  21. ^ Beaumont, Lucy; Kermond, Clare; James, Fiona; Greenblat, Eli (22 March 2013). "Swim, Bike, Run, Walk". The Melbourne Magazine. John Fairfax Holdings Limited.
  22. ^ "Dave Worsley". FuseWorks. FuseWorks Media. 4 April 2013.
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