Shoe Package Electricity Supplier Justfab Refinancing $85 Million Valuation Of $1 Billion
JustFab Inc
It is a subsidiary of Intelligent Beauty Inc.. It has 3 brands, including JustFab (shoes, electricity supplier), Fabkids (children's wear) and Fabletics (sportswear), and its competitor ShoeDazzle in August 2013.
The chief executive of the two sides said that after the merger, the company's revenue in 2014 was expected to reach $400 million and make profits, and the revenue in 2015 would exceed $500 million.
According to technology blog PandoDaily news, American fashion business JustFab Inc. raised $85 million in the latest round of financing, making its valuation more than $1 billion, becoming another technology startups with 1 billion dollar valuation club.
Los Angeles
The Passport SPEcial Opportunity Fund of the hedge fund Passport Capital LLC has invested in the current round of JustFab Inc. financing. The existing investors are Matrix Partners, Inc. and Passport in the last round of financing, and Hongkong has invested $35 million.
Since its inception in March 2010, the total financing of JustFab Inc. has reached US $250 million.
JustFab Inc. is a subsidiary of Intelligent Beauty Inc., which owns 3 brands of JustFab (shoes and electricity suppliers), Fabkids (children's wear) and Fabletics (sportswear), and acquired its competitors' ShoeDazzle in August 2013.
The chief executive of the two sides said that after the merger, the company's revenue in 2014 was expected to reach $400 million and make profits, and the revenue in 2015 would exceed $500 million.
JustFab Inc.
Adam Goldenberg, co-founder and co chief executive, points out that the company will use the latest funds to consolidate its financial position, speed up the international expansion of Fabletics, and build new distribution centers in the West Bank, and will enter the field of clothing in the coming year.
He revealed that North American business has been profitable every month since the start of this year. Another joint CEO, Don Ressler, has pointed out that the company's EBITDA profit margin reaches 20% and free cash flow is sufficient.
However, Adam Goldenberg said the company did not have a listing plan before 2015, but the possibility of short and medium term memory is possible.
- Related reading
Quanzhou'S Textile And Footwear Industry Is Picking Up, And The Output Value Of Many Industries Has Increased Rapidly.
|
Shoe Market Distribution Room Turned Waste Warehouse Baicheng Fire Order Rectification
|- Innovation and invention | Wood Can Also Make Clothes! Inspiration From London Designers
- Fashion brand | Missoni Plans To Launch Low Price Second Line Brand
- News Republic | 中國國際時裝周圓滿落幕 2011年度大獎揭曉
- market research | Scene Marketing Promotes Brand Soft Power
- Exhibition highlights | Wool Weaving Boutique Weaving &Nbsp, Merchants Everywhere To Go To The Weaving City To Make Up The Warehouse.
- Fashion frontier | When Toilet Paper Becomes High Fashion
- Exhibition highlights | The Mechanical Booth Is &Nbsp, And The Company Attracts Customers.
- Leisure clothes | 3543 Army Outdoor Leisure Brand Unveiled At CHIC2011
- Expo News | Opening Of The Fourteenth Houjie Shoes Exhibition: Foreign Businessmen'S "Shoes" Exhibition "Covet" Chinese Market
- Women's wear | CHIC2011 Found: Emely&Nbsp; Sweetie Woman'S New Pink Confidant.
- PEAK Pays Tribute To "Fighter", Battier Retired From Glory.
- PEAK Stars Gather In Dongguan To Fight For Basketball In The Name Of Charity.
- 匹克搶眼FIBA西班牙籃球世界杯
- Smart Shoes: Blind People Can Also Walk Independently, Leading Technology Is Worth Promoting.
- 長春折扣服裝超市316度運動鞋搶眼 網(wǎng)友調(diào)侃山寨很牛
- 美媒：意大利名鞋設(shè)計師重新定義“中國制造”
- Giant Price War To Speed Up Industry Shuffle Can Reach Express Delivery Has Been Closed
- Shoes And Clothing Industry Closed Shop Tide Incoming Red Dragonfly Go Where To Go
- Express Car With A Wide Variety Of Couriers Worried About Being Investigated
- Rajon Rondo And Spring Fans Interact With Quanzhou Puppet.