Just FabAmerican company dedicated to the online sale women’s fashion, has bought , the Barcelona-based Spanish company also dedicated to shoes and bags, to speed up its european expansion.
Just Fab will arrive in Spain and France in July
After this operation, The Fab Shoes will become the southern European branch of , the eCommerce which will replace The Fab Shoes online store in Spain and Starting next July.
JustFab thus add the more than 500,000 Spanish and French users of The Fab Shoes to its list of European subscribers who, added to the million and a half users from Germany and , get the company to exceed the 2 million European users and the 15 million registered users globally.
The insole by The Fab Shoes will continue in the company and its founders will become part of the European leadership of JustFab. Thus, (CEO of The Fab Shoes) will assume the position of Managing Director for France and Spain, (COO of The Fab Shoes) will become the VP of Operations for Europe.
Just Fab, much more than a shoe eCommerce
Behind the expansion of his beyond the shoes, JustFab He has managed to diversify his income. Today more than 30% of sales come from other products such as bags, jewelry, accessories and jeans. JustFab has also recently acquired the children’s clothing company, which despite its integration with the company will also continue as own brand.
Adam Goldenberg, co-founder and JustFab CEO was very optimistic after the purchase of The Fab Shoes, a company that they had been following since its launch in 2011, and expects to generate more than $30 million in 2013. Goldenberg assures that the market for Western European eCommerce it is the same size as North America, accounting for about $20 billion a year in the online fashion and accessories industry.
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