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London Bridge Trading Company

London Bridge Trading Company, Ltd.
FoundedNovember 1985; 39 years ago (1985-11) in Virginia Beach, Virginia
FounderDoug McDougal
Headquarters585 London Bridge Rd, Virginia Beach, VA 23454, US
Subsidiaries
  • LBX Tactical
Websitelbtinc.com

London Bridge Trading Company, Ltd. is an American manufacturer of backpacks, bags and tactical gear.[1]

History

London Bridge Trading Company was founded in November 1985 by Doug McDougal after leaving his career as a professor at Eastern Virginia Medical School in Norfolk, Virginia.[2]

In 2023 the company was accused in the United States District Court for the Southern District of Ohio of deliberately deceiving their customers in breach of the Buy American Act, the Trade Agreements Act and the Berry Amendment, after the company falsely claimed that one of their products was made in the US, and sold it to the US Department of Defense.[3] In November 2023, the company settled with the U.S. Immigration and Customs Enforcement (ICE) for $2.1 million.[4][5]

References

  1. ^ "London Bridge Trading Company General Information". Pitchbook. Retrieved September 13, 2024.
  2. ^ "London Bridge Trading Company". THE ORG. Retrieved 2024-09-13.
  3. ^ "Virginia Beach company falsely labeled foreign country tactical gear as American made; settles for over $2M". WAVY-TV. November 30, 2023.
  4. ^ "Virginia Beach defense contractor settles for $2.1 million after federal investigation into foreign-made bags". The Virginian-Pilot. November 30, 2023.
  5. ^ "HSI Norfolk investigation into Virginia tactical equipment company uncovers fraud, yields more than $2 million in violations of the Buy American Act | ICE". ice.gov. November 29, 2023.

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