Todd Tappin Joins JustFab Inc. as the New President and Chief Financial Officer

JustFab, previously known as Justfabulous is one of the largest international online subscription stores. According to Business Newswire (June 8th, 2016), Co-Founder and Co-CEO Adam Goldenberg recently appointed Todd Tappin as the new President and Chief Financial Officer.

Mr. Tappin brings to the executive team 25 plus years of experience working in the entertainment, media, and technology industries. Mr. Goldenberg and business partner, Don Ressler acquired Justfabulous from Kimora Lee Simmons in 2010 and changed the name to JustFab. Ms. Simmons joined the retail store as President the following year and later resigned.

Todd Tappin was officially sworn in as President and CFO on June 30th. He is responsible for reporting to Mr. Goldenberg on long-term and financial planning for the company and its brands, including JustFab, Fabletics, FL2, FabKids, and ShoeDazzle. Mr. Tapping’s prior experience includes serving as Senior Executive at 20th Century Fox and COO & CFO at Rubicon Project.

 

Learn more about JustFab: http://www.latimes.com/business/la-fi-justfab-subscription-20160629-snap-story.html

 

He also served as managing director at Gores Group, a private equity firm. He brings considerable knowledge in strategic development, operations, investments, finance, M&A, global expansion, IPO, and acquisition.

As of August 2014, JustFab was valued at $1 billion and is expected to generate over $650 million in revenue by the end of 2016. Presently, the corporation has an estimated 4 million VIP subscribers.

Todd Tappin stated in the Business Newswire press release that JustFab financial position is very strong. He strongly believes IPO will contribute to expanding JustFab and ultimately increase growth. It gives the company an opportunity to open debt and equity for future acquisitions.

JustFab is presently offering New VIP members the chance to sign-up and purchase one item and get another for free. The selection of items includes stylish and fashionable apparel, shoes, purses, and jewelry. Each VIP membership comes with incentives, including free shipping on orders over $39.99 in the United States and free exchanges.

Members may also cancel membership or simply skip a month to avoid being charged on credit cards. Todd Tappin is excited about joining the JustFab executive team with the mission of expanding the corporation and its brands to international markets around the world.

Read more:

Fashion Unicorn Startup JustFab Inc. Taps CFO With IPO Experience

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