The House of LR&C, a fashion house founded by Ciara, Russell Wilson and Christine Day and focused on a mission to impact people and the planet, today proudly announced that the company has appointed David Adelman to The Board of Directors. The Company also announced today that they are bolstering internal resources with the addition of apparel industry executives Sheree Waterson and Gemo Wong as Advisors.

David Adelman, a prolific entrepreneur and investor, has made an investment in The House of LR&C and is focused on assembling the next pool of potential investors as the fashion house continues to prioritize growing purposeful and disruptive national brands. As a Philadelphia-based entrepreneur, he is the founder of Darco Capital, his family office, which has made over 60 venture capital and growth capital investments ranging from food and climate technology to sports & media, hospitality, healthcare and consumer-facing brands.

Sheree Waterson is a seasoned fashion and retail executive, formerly Chief Product Officer with Athleta and lululemon and President of Speedo North America. Gemo Wong’s expertise in design in footwear and apparel spans 20 years including his role as the Sr. Design Director at Nike for the Jordan Brand.

“I’ve had the opportunity to work closely with David Adelman over the years throughout my partnership with Wheels Up and saw first-hand how he and Kenny Dichter guided the company to not only tremendous growth but did so also while creating a culture of compassion through socially responsible programs like their Meals Up initiative to battle food insecurity,” shared The House of LR&C Co-Founder, Russell Wilson. “The House of LR&C is excited to officially welcome David as an investor and a member of our Board and we’re eager to leverage both his business acumen and his EQ to continue our mission to redefine the fashion industry through the prism of emphasizing love, respect and care to create large scale positive change.”

“The House of LR&C is a B Corp pending brand redefining how fashion contributes to the environment. We are building our foundation as we aim our sights on fundamentally reframing the fashion industry to prioritize people and the planet,” said The House of LR&C Co-Founder and CEO, Christine Day. “David has an extensive track record for building exceptional brands and committing to elevate deeply purpose-driven initiatives and we’re extremely excited to welcome him to our Board.” Day added: “We are also taking full advantage of our rolodex of ‘expert advisors’ and are excited to welcome Sheree and Gemo who will be key contributors as we continue to build our momentum from our launch in December 2020.”

“Ciara, Russ, and Christine are well on their way toward building The House of LR&C into a new beacon for the fashion industry, making it more transparent, inclusive, participatory and impactful and I’m honored to work alongside them as we continually strive toward increase the scope and scale of that impact,” said David Adelman, Founder of Darco Capital.

About The House of LR&C

The House of LR&C was built to democratize the retail industry with a mission to impact our people and the planet - change the way we do fashion, make it inclusive and participatory. How we buy. How we source. How we market. Russell Wilson and Ciara combined their passion for design & fashion with the retail expertise of Christine Day, CEO and Co-Founder, to create The House of LR&C in 2020. A year that showed the world that genuine compassion, connectivity, and doing good for our planet are table stakes. The House of LR&C brands include Good Man Brand, Human Nation and LITA by Ciara. We are proudly B-Corp Pending and are choosing to live into United Nations’ Sustainability Principles as our True North. Welcome into The House of LR&C. Visit us at thehouseoflrc.com.

About Darco Capital / David Adelman

Darco Capital is the family office and investment vehicle of billionaire entrepreneur and investor, David Adelman. Through Darco Capital, David has made over 60 venture capital and growth capital investments ranging across alcohol & spirits, climate technology, food, fintech, healthcare, hospitality, sports & media and consumer-facing brands including: Wheels Up, cred.ai, Fanatics, Gopuff, Lids, Living Carbon, Margaux, Moov Technologies, Ollie, and Remora Carbon among others.

A self-made entrepreneur, David made his first investment more than 30 years ago when he decided to invest $2,000 in Campus Apartments, which he would subsequently go on to build into a national leader in student housing development and management, with more than 2 billion dollars in assets under management across 17 states. He is the co-founder and Vice Chairman of FS Investments, a leading manager of alternative investment funds with 25 billion dollars of assets under management. Learn more about David and Darco Capital’s investments at https://darcocapital.com/