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The Black Tux

Online direct-to-consumer formalwear rental and sales

Overview

The Black Tux serves men with formalwear by offering a direct-to-consumer rental and purchase experience for tuxedos and suits. It designs and manufactures its own line of formalwear, allowing centralized control over quality, style, and costs. Customers browse online, and can choose a rental or buy option, with a free home try-on to ensure the right fit before sizing and shipping. The company also operates showrooms in major U.S. cities to support fittings and orders. Unlike many traditional rental shops, its vertical integration helps keep prices affordable and margins higher while maintaining consistent styling. Its goal is to make high-quality, stylish formalwear easy and accessible for weddings, proms, business events, and other occasions.

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About The Black Tux

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Industries

Industrial & ManufacturingDesignConsumer Goods

Company Size

201-500

Company Stage

Series C

Total Funding

$67.6M

Headquarters

Santa Monica, California

Founded

2012

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Funding

Total Funding

$67.6M

Below

Industry Average

Funded Over

4 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Below Average

Industry standards

$50M
$40M
$50M
$62M
$100M

Benefits

  • Paid company-recognized holidays aligning with our holiday pay policy
  • No Black Friday adjusted hours
  • Employee engagement & cultural events
  • Discounts on garment rental and purchases for you, your partner, and friends & family
  • Annual compensation process

Growth & Insights and Company News

6 month growth

0%

1 year growth

0%

2 year growth

2%
Business Wire
May 16th, 2024
Monroe Capital Supports TZP Group’s The Black Tux, Inc.

Monroe Capital LLC (“Monroe”) today announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility in s

PYMNTS
Aug 5th, 2023
Couples Say ‘I Do’ To Rentals To Cut Wedding Costs

Despite economic uncertainty and inflation, weddings must still go on, and brides and grooms still need to find a way to pay for all those wedding essentials even while their finances remain tight. The soaring costs of various wedding essentials, from bridal dresses to fine jewelry and venue rentals, have prompted an innovative shift in wedding planning strategies. But it’s not just the essentials that are now rentable; even the nice-to-haves, such as flowers, are becoming a rentable option. However, opting for rentals doesn’t necessitate a sense of frugality. It can genuinely evoke a sense of tradition

PR Newswire
May 1st, 2023
David'S Bridal Rolls Out Gift With Purchase Program For Diamond Members Online And In-Stores Nationwide

"Diamond Perks" launches with women-owned brands for Small Business Month in May.CONSHOHOCKEN, Pa., May 1, 2023 /PRNewswire/ -- David's Bridal, the nation's leading bridal and special occasion authority, today announced a new rewards perk for Diamond Members. For the month of May, when purchasing a dress in-person or online, Diamond Members will receive gift cards to women-owned small businesses including inclusive swimwear brand Kitty and Vibe , premium canned wine Maker Wine , and beauty brand Petite 'n Pretty.David’s Bridal Rolls Out Gift with Purchase Program for Diamond Members Online and In-Stores Nationwide. (PRNewsfoto/David's Bridal, Inc.)Diamond Perks is the retailer's latest initiative as it continues to grow beyond the traditional bridal space, extending its reach by delivering solutions for the entire special event space and beyond. The brand has strategically expanded its portfolio of branded partnerships to offer exclusive discounts and a seamless planning experience for its customers on every special occasion. Teaming up with these women-owned small businesses is the latest addition to the bridal retailer's growing partnerships portfolio including The Black Tux, Diamond Nexus, Little Tuxedos, Something Borrowed Blooms, Shutterfly, Sandals Resort, California Cowboy, Ashley, Bride Brite, Converse, and more."We are always working to provide more for our customers for their ever-changing special occasion needs. From homecoming and prom to wedding and beyond, this partnership has our customers covered," says Kelly Cook, Chief Marketing & IT Officer for David's Bridal

PR Newswire
Mar 27th, 2023
David'S Bridal Partners With Ashley To Help Brides Create A Space That Reflects Them And Inspires Love Of Home With Ultimate Newlywed Deal

Partnership kicks off brand's quarterly Trunk Shows to introduce new styles and partner offerings for Brides looking to maximize their wedding budget and start the newlywed journey with confidenceCONSHOHOCKEN, Pa., March 27, 2023 /PRNewswire/ -- David's Bridal, the nation's leading bridal and special occasion authority, announced today a new partnership with Ashley, the #1 furniture and mattress retailer in North America, to bring newlyweds a can't-miss deal that will help them create a space that reflects a new beginning and love of home. When asked, 60% of David's consumers told us they purchased furniture shortly after getting married, making David's Bridal and Ashley the perfect partners. On Friday, March 31 starting at 6 p.m., David's Bridal will offer a $100 David's Bridal gift card to the first five people in the store, a 10% discount for all shoppers, and a $100 Ashley Cash to the first 25 people in the store at all locations across the U.S. The trunk show will be held from 6 PM to store close and will offer light bites, beverages, and a look at David's Bridal's new Spring 23' collection.The new partnership is the latest advancement for the retailer as it continues to grow beyond the traditional bridal space, extending their reach by delivering solutions for the entire special event space and beyond. As David's Bridal continues to rapidly disrupt the wedding and event planning space, the brand has strategically expanded its portfolio of branded partnerships to offer exclusive discounts and a seamless planning experience for their customers. Teaming up with Ashley is the latest addition to the bridal retailer's growing partnerships portfolio including The Black Tux, Diamond Nexus, Little Tuxedos, Something Borrowed Blooms, Shutterfly, Sandals Resort, and more."We are thrilled to team up with Ashley to offer even more value to our customers

Penske Media Corporation
Jan 1st, 2023
Movers and Shakers in the Men’s E-commerce Space – WWD

Often referred to as the Rent the Runway for guys, the Black Tux has raised $60 million in funding since it started, the most recent round coming in March when TZP Group — along with Stripes Group, Menlo Ventures and Raine Ventures — came through with $30 million the company said it would use to add more warehouse space.

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