Kate Hudson-Backed Apparel Brand Fabletics Taps Banks for IPO
- Date: 15-Jul-2021
- Source: The Wall Street Journal
- Sector:Financial Services
- Country:Middle East
Kate Hudson-Backed Apparel Brand Fabletics Taps Banks for IPO
Fabletics, the workout-apparel brand backed by Kate Hudson, has tapped banks to help it prepare for an initial public offering that it hopes would value it at more than $5 billion, according to people familiar with the matter.
Fabletics, owned by TechStyle Fashion Group, recently selected Morgan Stanley , Goldman Sachs Group Inc., Barclays Plc and Bank of America Corp. for its IPO and is aiming to raise around $500 million in an offering, they said.
Fabletics was founded in 2013 by Adam Goldenberg and Don Ressler, who partnered with Ms. Hudson and feature her prominently in its advertisements. It aims to fill a gap in the market between high-end brands such as Lululemon and the cheapest brands.
Select Sector 
Select Country 
