The travel brand Antler acquired the intellectual property of Paravel, a direct-to-consumer luggage maker based in New York, in a liquidation auction last month, Antler said Tuesday.
Paravel, known for vintage trunk-style rollers and monogrammable totes, filed for Chapter 7 bankruptcy in May. Antler, which is owned by Australian travel retail chain Strandbags, won the auction for its IP, outbidding a number of other luggage brands and American retailers, according to Kirsty Glenne, Antler’s managing director.
Paravel was co-founded by Indré Rockefeller and Andy Krantz in 2016, one of a number of digital-first newcomers looking to shake up a category with incumbents like Samsonite that were slow to evolve. Other challengers founded in…