When your company is the one with the $1 Billion in valuation, it’s hard not to feel successful. But the powerful CEO and founder of the company is named Don Ressler and he is quite humble and nice about his success. He realized that his time around him invested a lot of time and energy and that it was the result of years of hard work and practice, not just an overnight success.
Still, Ressler has quite the impressive resume. Ressler didn’t just start JustFab, which boasts over two rounds and $77 million of funding from Matrix Partners, a venture capital firm, but he also had a number of other businesses. In fact, it was these other earlier businesses which put him in the position of being able to go out and hunt down the investments he needed. Now, Ressler sits atop a company that has Kimora Lee Simmons as the creative director and President. That is a fashion mogul that is not a bad person to have running your operations.
And with Fabletics, one of the newest additions to the brand that Ressler has created (called Intelligent Beauty, which owns the other brands under that umbrella), Kate Hudson is leading the way. You may have seen her face and voice on commercials everywhere as they ramp up for more sales. They even recently bought out a competitor called ShoeDazzle.
The plan is really to cover up most of the fashion and beauty markets, it appears. And they are doing that successfully. They have acquired a number of other companies in the space for multiple millions of dollars, such as e-commerce fashion retail companies from Europe and more. And they also have a direct to consumer fashion line for cosmetics and skin care products called DERMASTORE. Along with that, there is SENSA which focuses on weight loss solutions, a market that is never going away.
With the combination of all these products, it appears that the company is very profitable. However, the firm has not released their official financial statements to the public. Don Ressler started out by building his own company from scratch, teaming with a friend, and selling before moving on to his current empire. While his markets may have been different, one thing certainly seems to stay the same. Don Ressler knows how to find markets, create products, and get them in the hands of consumers everywhere.