UNTUCKit Valued at $600 Million

UNTUCKit, the company known for its untucked shirts, is looking to raise money at a valuation greater than $600 million.

As reported by Lauren Thomas for CNBC, the “digital first” company, launched in 2011, now has roughly $150 million in sales, 50 stores and is profitable.

Untuckit has hired investment bank Morgan Stanley to raise money to fuel growth

UNTUCKit now offers women’s dresses, T-shirts, jackets and shirts, in addition to boys’ shirts and bottoms.

Congratulations to co-founders Aaron Sanandres and Chris Riccobono.

Notably, several companies including J.Crew, Proper Cloth and Gap Inc. also produce shirts in an “untucked” fit.