According to an article on Wall Street Journal.com, JustFab Inc. has made Todd Tappin their CFO and president as of July. He comes from the Rubicon Project, says the article, which is based in Los Angeles, CA. It is an advertisement firm online that went public in 2014, thanks to help from Tappin. Previously, Tappin was managing director for Gores Group, says the article. He has the qualifications to help JustFab in its IPO process. Learn more about JustFab: http://www.justfab.com/ and http://blogs.wsj.com/cfo/2016/06/08/fashion-unicorn-startup-justfab-inc-taps-cfo-with-ipo-experience/
JustFab is based in El Segundo, CA, with a value of at least $1 billion, says the article. The company raised $250 million in 2014 and got the unicorn moniker. At the time of the article’s publication, JustFab claimed 4 million VIP members and more than $650 million in earning this year.
Tappin says that the company is not in a hurry to publicly list Just Fab. He states in the article that the company has a strong bottom line and a good position. He does mention that having an IPO would increase the company’s earnings and would open a lot of financial opportunities, says the article.
There is no need for a middle man, because JustFab makes and sells all of its own styles. This allows customers to buy things at good prices. Not only does JustFab deal in shoes, but it also includes actress Kate Hudson’s Fablethics line of clothing.
They have clothing for women, men, and children. Every purchase can be done online in the comfort of home.
Customers just order what they want from JustFab and it is delivered to their door. They also have the option of joining the VIP program.
With it, customers have a personal style boutique that they can order from each month. JustFab works with some of the top designers and trendsetters in the fashion industry.