brand . for the religious concept see one true faith . true religion type private industry clothing founded december 2002 founders tremayne & nicole & desireah headquarters manhattan beach california u.s. area served worldwide key people john ermatinger chairman & ceo revenue us 419.8 million 2011 net income 44.97 million 2011 total assets 295.88 million 2010 total equity 249.03 million 2010 number of employees 2623 december 2011 website www.truereligion.com true religion brand jeans is an american clothing company . based in vernon california the company was established in december 2002 by jeff lubell and kym gold . true religion brand jeans sell what they refer to as premium denim which is handmade in america . true religion has around 900 branded boutiques and specialty stores in 50 countries on six continents . 1 the flagship store is located in manhattan beach california and was their first retail store opening in late 2005 . true religion products are also sold at major department stores like von maur nordstrom bloomingdales saks 5th ave as well as a handful of others . 2 most of the brand s denim jeans are priced at approximately us 250 and up . as of fall 2014 the company s website shows a pair of women s leather pants priced just under us 900 . 3 acquisition edit true religion in west edmonton mall . true religion was purchased by towerbrook capital partners on may 10 2013 . that provided shareholders a 52 % premium to true religion s share price on oct. 9 2012 the day before the company announced it was exploring strategic alternatives . 4 the stock had fallen 40 % in 2012 up to oct. 9 2012 due to a poor christmas period in 2011 and worries that a shrinking number of shoppers were willing to purchase true religion s highly priced jeans . 5 forbes magazine also noted that over the prior three years true religion shares had gained just 11.6 % while shares in comparable luxury goods companies vf corporation ralph lauren corporation and pvh corp. had all more than doubled in value during the period . 5 prior to the purchase true religion traded on nasdaq under the symbol trlg . references edit true religion apparel inc. . annual reports . december 10 2009 . store locator . retrieved june 19 2013 . true religion website . retrieved 10 september 2014 . pe purchase . retrieved january 8 2014 . a b when a bullish bet on true religion paid off with a 24 % return . forbes . 10 may 2013 . retrieved 10 september 2014 . external links edit official website true religion apparel inc. financials how true religion jeans got started this united states manufacturing company related article is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title true religion & oldid 740193949 categories jeansclothing brands of the united statesclothing companies of the united states2000s fashion2010s fashioncompanies based in los angeles county californiacompanies established in 20022002 establishments in californiamanhattan beach californiavernon californiaunited states manufacturing company stubshidden categories pages using infobox company with unsupported parametersall stub articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch edit links this page was last modified on 19 september 2016 at 16 47 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view