Elena Bonvicini didn’t set out to start a multimillion-dollar denim brand worn by the likes of Taylor Swift, Gigi Hadid and Kendall Jenner. She just liked thrift shopping.
Every summer as a teen, the Southern California native would go to Wisconsin to see her grandparents. She’d visit thrift stores in the area and rifle through the denim selection, searching for Levi’s that she could fashion into cutoff shorts for herself and her friends.
Originally, it wasn’t supposed to be a business. Bonvicini had fun making the cutoffs and, as she told CNBC Make It, “always loved having things that no one else had.” But that changed when she was back at high school and someone asked about her shorts.
“I got stopped by a girl who was two grades below me and she was like, ‘Oh my gosh, where’d you get those shorts?'” Bonvicini, now 25, explains. “And I said ‘Oh, I made them!’ And she was like ‘Can I buy a pair? Can you make me a pair?'”
Bonvicini had never sold clothing before, so she relied on her best “guesstimation” to set the price for her first sale at $30. More girls started asking Bonvicini about the pants, and the young designer realized that she had a business on her hands.
This was before Depop or Poshmark, so it was kind of a new idea to be upcycling and buying clothes from the thrift store and making them cute.
Elena Bonvicini
Founder, EB Denim
Bonvicini was soon selling hundreds of reworked vintage pants to classmates from her high school and other schools in the area. Every Friday, she would set up shop in her gym locker room and sell jeans for $10 each.
“I would lay them all on the locker room floor and the girls would come and have a try-on party,” she says. “This was before Depop or Poshmark, so it was kind of a new idea to be upcycling and buying clothes from the thrift store and making them cute.”
Even charging her friends and classmates just $10 or $30 for a pair of jeans, Bonvicini turned a nice profit.
“In the Midwest I was buying [the jeans] for 50 cents. In some places, you could buy a trash bag filled with anything for $8. I could probably fit 20 pairs of jeans into one bag,” she says. “There was a huge profit margin there.”
When shorts were out of season she asked her mother for a sewing machine so she could try her hand at taking vintage boy’s jeans and turning them into something she and her teenaged customers could wear. Her mom agreed to get her a $300 machine on one condition: they would go to their local Joann Fabrics for sewing lessons.
By the time she was approaching her high school graduation, Bonvicini was determined to grow her brand. She created an Etsy account the day she turned 18 and set out to use social media to help turn EB Denim into the next big thing.
Taking EB Denim to the next level
This exposure also got EB Denim into high-end retailers like REVOLVE and Selfridges. By the time she was a junior, she says EB Denim was bringing in over $1 million in revenue and had a small handful of employees and interns. The brand was doing so well, in fact, that she was debating leaving USC altogether.
“I wanted to drop out,” she says, “but my mom was like ‘You better stay your a– in school!'”
Instead, she focused her studies and tried to apply everything she learned to her business.
“Any time we had an entrepreneurship assignment, I would make it about my brand,” she says. “It made me think about everything in a more professional and sophisticated lens, which I think really helped me in so many ways.”
The Taylor Swift effect
Everything came to a head after the 2023 Video Music Awards.
Thanks to the heads up, the brand had press releases ready to send out to outlets as EB Denim was featured in countless articles and roundups chronicling Swift’s style.
EB Denim is on track to bring in $3 million in revenue this year, a far cry from its $30 start. Despite her success, Bovincini sometimes has a hard time believing how far she’s come.
“I have imposter syndrome,” she says with a laugh. “I don’t think I even now feel like a businesswoman.”
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