Don Ressler is a world renowned entrepreneur and business strategist with a successful track record of investing. According to Entrepreneur.wiki.com, some of the most successful startups under Ressler’s name include Alena Media, Intelligent Beauty and its subsidiaries, DERMSTORE, FitnessHeaven.com and JustFab. DERMSTORE is a highly profitable and integrated online skincare and cosmetics brand. JustFab, on the other hand, is a leading subscription fashion retailer Co-Founded by Don Ressler and Adam Goldenberg in 2010 with funding from Matrix Partners.
According to Bloomberg.com, Don Ressler is also the Co-Founder and Co-CEO of Alena Media, Intelligent Beauty and Brand Ideas. During his tenure at Intermix, which is the parent company of Myspace.com; Ressler oversaw the completion of several ventures that led to the increase in shareholder value. Intermix was sold to News Corp in 2005 for over $650 million. At Brand Ideas, Don Ressler earned the reputation as a business and brand building guru because of his efforts to raise huge sums of money and sales.
JustFab began seeking opportunities to expand into the new market only a few years after its establishment. Indeed in 2013, JustFab went on a series of acquisitions and expansion spree aimed at bolstering its market presence in the US and throughout the world. On January 2013, the firm purchased a children’s fashion subscription service called Fabkids on Matrix Partners. JustFab went on to acquire the European based ecommerce site, The Fab Shoes in May 2013. At the time of purchase, The Fab Shoes had a membership of 1.5 million subscribers in European.
In August 2013, JustFab acquired ShoeDazzle, a rival shoe subscription service. The company launched Fabletics in October 2013 following a series C round of funding. The popular athletics wear site was developed in collaboration with fashion icon and actress, Kate Hudson. In a recent venture, PRNewswire reported in March 2015 that JustFab had joined forces with its partners to launch People StyleWatch campaign that is dedicated to the JustFab capsule collection. Its offerings include trendy handbags and footwear. Reference: http://perezhilton.com/tag/don_ressler/#.V4Ah_46RKGg
JustFab closed also an $85 million round of funding in August 2014, a report by Entreprenuer.wiki.com indicates. The efforts were led by a team of investors including Passport Special Opportunity Fund, Matrix Partners and Shining Capital. The funding also increased the company’s total capitalization to $250 million and raised the company’s valuing to $1 billion. JustFab is planning an IPO in the near future, as it looks to join the league of $3-4 billion valued companies.