The Wall Street Journal says Todd Tappin was recently appointed finance chief and president of the fashion startup, JustFab Inc. Tappin brings a lot of hefty management experience to his role with the company. Among other big accomplishments, he has served as the managing director of private equity firm, the Gores Group. Learn more about JustFab: https://www.heels.com/shoe-brand/just-fab-shoes
Now Tappin is taking the reins at another company that is already doing extremely well. However, Tappin does not see his role as an easy way. The company is still just in the starting stages and therefore he has a number of tough choices in front of him. In addition, the stock market is presently at the lowest it’s been in several years making things even harder.
Just Fab owns several different fashion companies. One of its newest is Fabletics. The Charlotte Observer says that Fabletics originally began business solely internet and catalog-based. However, that has been changing.
Its eighth physical store technically opened up in South Park earlier this month, but will be hosting its official grand opening on July 23. The Fabletics line was founded by famed actress Kate Hudson with who JustFab remains in full cooperation. JustFab foresees this being a huge year for Fabletics. Read more: Fashion Unicorn Startup JustFab Inc. Taps CFO With IPO Experience
In addition to the South Park store, 11 more locations are expected to rise throughout the country in 2016. And Fabletics is only one example of JustFab Inc.’s wild success. It has had a phenomenal climb since its beginning.
Wikipedia says that it was first founded by Don Ressler and Adam Goldenberg in March 2010. Over the next three years the company was given a huge boost by being given over $100 million in funding. As a now big, international company it started quickly acquiring fashion companies and signing on cooperative projects with celebrities.
The company has become the world’s most iconic fashion symbol and has been a featured subject on the Style Network. Although JustFab owns several successful companies, Fabletics remains its most successful and fastest growing enterprise.
Exactly where JustFab will end up in the grand entrepreneurial scheme of things is hard to predict. In any case, their future looks very bright and all signs point to them becoming the greatest fashion company of all time.