The Black Tux

The Black Tux
Type of business Private
Headquarters Santa Monica, California, USA
Key people Andrew Blackmon (co-founder)
Patrick Coyne (co-founder)
Industry E-commerce
Website www.theblacktux.com

The Black Tux is a men's fashion company specializing in the online tuxedo and suit rental industry. The Black Tux rents tuxedos, suits, and other men’s formalwear accessories entirely through its own e-commerce marketplace.

History

The company was founded in 2012 by Andrew Blackmon and Patrick Coyne, and is headquartered in Santa Monica, California. The business was created as a direct response to the co-founders’ poor experiences involving tuxedo and suit rentals for weddings and formal events.[1] Prior to launching publicly, the company was involved with MuckerLab a Los Angeles-based start-up accelerator.[2] The company received $10 million in Series A funding in January 2015, with an additional $25 million in September 2015.[3]

Business model

The Black Tux rents tuxedos, suits, and other formalwear and accessories entirely online. Shipping is free both ways and arrives at least a full week prior to customers’ events. The Black Tux designs its tuxedos and suit and offers dress shirts, shoes, neckwear, and other formalwear accessories for rental.[4]

Reception

Shortly after launching out of beta, The Black Tux was featured in GQ, which called the company “the Warby Parker of the formalwear game” and declared “The Black Tux has come to rescue guys from tux-rental hell.” Since launching they have been featured in The Wall Street Journal,[5] Bloomberg,[6] and Techcrunch.[7] In December 2013, The Black Tux raised funding from investors in the venture capital community.[7][8]

References

  1. ↑ Johnson, Alexis. "The Black Tux Goes Glam and Gives Back". Los Angeles Confidential. Retrieved December 17, 2013.
  2. ↑ Fong, Phyllis. "A Better Black Tie Rental". Men's Journal. Retrieved December 17, 2013.
  3. ↑ Magee, Christine (September 9, 2015). "The Black Tux Grabs $25M To Dress Men To The Nines". TechCrunch. Retrieved October 4, 2015.
  4. ↑ Lardinois, Frederic (January 16, 2013). "MuckerLab Graduates Its Class Of 2013, Its Last Class Has Raised Over $15M To Date". TechCrunch
  5. ↑ Sherman, Lauren (20 February 2014). "High-Rent Rental Tuxedos". The Wall Street Journal. Retrieved 3 October 2015.
  6. ↑ Summers, Nick (30 January 2015). "Black Tux Website Gets Rental Tuxedos Right". Bloomberg Business. Retrieved 4 October 2015.
  7. 1 2 Shieber, Jonathan (25 February 2014). "Black Tux Raises $2.6M So You Can Rent That Suit and Tie". TechCrunch. Retrieved 4 October 2015.
  8. ↑ "Reviews". theblacktux.com

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