To keep a business thriving in a competitive environment, you need a market savvy leader with IPO experience at the financial helm. That’s why Just Fab, Inc. the startup that gave the fashion world companies like Fabletics and Shoe Dazzle, hired Todd Tappin, former CFO at Rubicon Project, as their new CFO, according to Tatyana Shumsky for The Wall Street Journal, Fashion Unicorn Startup JustFab Inc. Taps CFO With IPO Experience.
JustFab Inc. earned the business title of “Unicorn”, which means it is a privately held company worth more than 1 billion dollars. The company is in a great position to go public, but is in no hurry to be listed.
They can afford to take their time, as Just Fab is “in a strong position,” and the company’s “bottom line is strong as well,” according to Mr. Tappin. The WSJ blog goes on to note that “U.S. stock markets have been unusually cold to companies looking to list their shares.” so timing is important for going public.
Just Fab is a brand associated with gorgeous, affordable clothes, as well as celebrity spokeswomen. Actress Kate Hudson has helped make Fabletics a household word and the go- to line for active wear,and women everywhere await the delivery truck daily to get their designer shoe fix.
Last December, Kendra Wilkinson of the “Kendra” reality show attended the JustFab and ShoeDazzle Get Glam event. You never know which fashion trend setter will be wearing clothing and shoes offered by JustFab.
JustFab believes in giving back through charity through their JustFab Cares campaigns that support many charities including Race for the Cure, Dress for Success and Triple Step, according to the JustFab charity website.
TThe customer pays a monthly membership fee and gets something new delivered each month. Subscription fashion e-commerce is a hit with women who want to feel like a million dollars without spending more than their clothes budget.
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