Gates, the philanthropist and co-founder of the fashion startup L. A. City, announced Thursday that she and her business partner, David T. Lippert, have raised $6 million to start a fashion-focused startup in L. Angeles.
The money, to be split equally between the startup and L. Azusa’s business school, will be used to pay for the startup’s development and hiring of employees, according to the Los Angeles Times.
The fund will be split between the two companies’ parent companies.
The two companies are now called LAX Fashion Group and LAX Group.
L. and David Lipperton, co-founders of L. & David L. Lappert and the L.&d.
Lattner, are among the philanthropists behind L.
L.’s mission is to create innovative and affordable fashion for the 21st century.
The company is already selling fashion items through the Lapperton’s label.
The funding comes as L.C. Mayor Eric Garcetti continues his push to boost the fashion industry and raise awareness about child poverty.
Garcetti recently introduced a $15 minimum wage, and he has also been pushing for a minimum wage hike for low-wage workers.
The city of Los Angeles has a minimum of $8.25 per hour, and a $1.65 minimum wage.
Garcett also announced that L.L.F., the company behind the Lattners’ clothing, is hiring two more designers for its Los Angeles store.
The hiring is expected to begin next month.
The startup has been operating in Los Angeles since 2011.