As of 2014, the brand was known for its knitwear, was carried in stores worldwide, had 25 employees and had relocated to a Culver City factory. In June 2014, the company opened up an online store. The brand is expected to open its first store in Los Angeles in late 2014.
Chiat had previously been chief executive officer of niche Australian denim brand Ksubi. In December 2011, Justin Doss of GQ selected The Elder Statesman as his editor’s pick. In 2012, founder Greg Chait was recognized with the $300,000 CFDA/Vogue Fashion Fund Award.
During New York Fashion Week in February 2014, the brand was featured in The Wall Street Journal for its unique artistic installation of its cashmere line. The brand is known for its intricacy, quality, and limited quantity of supply.