Funko owns the Loungefly brand known for Disney character bags and accessories.
Loungefly began as a fashion-accessories company and became especially recognized for licensed mini backpacks, wallets, handbags and other collectibles. Its Disney ranges use character artwork and themed designs connected with films, parks and animated properties.
Funko acquired Loungefly in 2017, adding a fashion-accessories business to a company already associated with collectible figures and licensed pop-culture products. Loungefly continued to operate as a recognizable brand rather than being renamed Funko.
A common mix-up is to identify Disney as the owner because Disney merchandise is one of Loungefly’s most visible product categories. Disney grants licenses for many character products, while ownership of the Loungefly brand belongs to Funko.