×
47 316
Fashion Jobs
MACY'S
Asset Protection Detective, Crabtree Valley Mall - Part Time
Permanent · Raleigh
MACY'S
Principal, Human Resources Business Partner (ny, Cincinnati, or Remote)
Permanent · Springdale
MACY'S
Asset Protection Detective, Los Angeles dt Broadway Plaza - Full Time
Permanent · Los Angeles
MACY'S
Manager, Business Administration
Permanent · St. Petersburg
MACY'S
Asset Protection Detective, Mall Del Norte - Full Time
Permanent · Laredo
MACY'S
Dept Hourly Supervisor, ft, Day (Mon-Fri), Furniture & Bedding Warehouse
Permanent · Miami
MACY'S
Asset Protection Detective, North Star Mall - Part Time
Permanent · San Antonio
MACY'S
Detective, Multi-Store Taskforce, Westshore - Full Time
Permanent · Tampa
MACY'S
Senior Manager, Business Administration
Permanent · Louisville
MACY'S
Asset Protection Detective, Oakridge - Full Time
Permanent · San Jose
MACY'S
Multi-Store Detective, Willowbrook Mall - Full Time
Permanent · Houston
MACY'S
Asset Protection Captain, Alderwood - Full Time
Permanent · Lynnwood
MACY'S
Manager, Data Visualization , Marketing
Permanent · New York
MACY'S
Asset Protection Detective, Green Acres - Full Time
Permanent · Valley Stream
MACY'S
Asset Protection Officer, Secaucus D2C fj - Full Time
Permanent · Secaucus
MACY'S
Asset Protection Captain, Ala Moana - Full Time
Permanent · Honolulu
CP SHADES
Customer Relationship Manager
Permanent · SAUSALITO
BUSTLE
Associate Commerce Editor
Permanent · Remote
TAPESTRY
Stock Lead i
Permanent · Woodbury
AEROPOSTALE
Associate Product Manager, Nautica
Permanent · New York
GAP INC
Manager of Asset Protection Operations (Remote Role)
Permanent · Washington
GAP INC
Manager of Asset Protection Operations (Remote Role)
Permanent · New York
Published
Jul 16, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Fabletics calls in banks in preparation for IPO

Published
Jul 16, 2021

Kate Hudson-backed athleticwear brand Fabletics has reportedly tapped banks in order to help it prepare for an initial public offering, which the company hopes will value it at over $5 billion.


Fabletics is the latest in a growing list of companies filing for IPOs this year - Instagram: @fabletics

 
According to a report from The Wall Street Journal citing sources familiar with the matter, Fabletics has hired Morgan Stanley, Goldman Sachs Group Inc., Barclays Plc and Bank of America Corp. to assist with its IPO.
 
The company, which is owned by TechStyle Fashion Group, is apparently aiming to raise approximately $500 million with its offering.

Founded by Adam Goldenberg and Don Ressler alongside Hudson in 2013, Fabletics is a monthly subscription service offering workout wear, sports bras and related accessories. The platform operates in the U.S., Canada and most of Europe, boasting more than 2 million members.
 
The company, which also gives members access to a workout app, began as a digital-focused business, but has expanded into brick-and-mortar retail in 2015 and currently operates around 50 physical store locations. In March, Fabletics announced that it plans to open a total of 24 new stores this year, bringing its total brick-and-mortar fleet up to 74.
 
News of the company’s decision to go public comes as the IPO market continues to experience a hot streak. Juicy Couture, Barneys and Forever 21 parent company Authentic Brands Group filed for its own offering earlier in July, while both sustainable running shoe manufacturer Allbirds and eyewear retailer Warby Parker have both reportedly filed for IPOs confidentially over the course of the last month.
 
Earlier this year, Jessica Alba’s The Honest Company – another celebrity-backed brand, this time specialized in consumer products, including skincare, diapers, and non-toxic household cleaners – raised $412.8 million with its IPO.

Copyright © 2021 FashionNetwork.com All rights reserved.