Fundraising Fox

Fabletics

Unicorn Β· $1.5B

5 known investors

Digitally native activewear brand selling men's and women's apparel through a VIP membership subscription model and retail stores.

Also known as Fabletics, Inc Β· Fabletics, LLC Β· FBL HOLDING, LLC

Investors Β· 5

Company profile

researched Aug 2026

Fabletics is an activewear and active lifestyle brand selling men's and women's sportswear, footwear and accessories. It operates a membership (VIP) subscription model in which members receive discounts, perks and personalized outfit selections based on stated lifestyle and fashion preferences, and can skip any month in which they do not want to purchase. Product capsules are released weekly for women in sizes XXS-4X and monthly for men in sizes XS-XXL. The company is owned by TechStyle Fashion Group, an El Segundo, California-based membership e-commerce holding group whose other brands include JustFab, ShoeDazzle, FabKids, Savage X Fenty and Yitty.

The assortment has broadened over time from women's activewear into dresses and swimwear (2017), footwear (2017), menswear (2020), loungewear (2021), a tennis line (2022) and medical scrubs (2023). A men's line has also been offered under the FL2 name and an extended-size line under Fabletics Plus. In March 2021 the company released Fabletics Fit, an app with on-demand workouts, meditations and other content, included for VIP members and priced at $14.95 per month for non-members. Fabletics also entered resale through a 2021 arrangement with ThredUp.

Alongside e-commerce, Fabletics runs a physical store fleet that began in 2015 and has grown to over 100 brick-and-mortar locations, supported by OmniSuite, a proprietary cloud-based enterprise retail platform combining e-commerce, point-of-sale, order management and back-office systems deployed across its stores. The company states it has established carbon neutrality at its stores, moved from plastic shipment bags to recycled, biodegradable and reusable polybags, and launched an eco-conscious capsule made from recycled or upcycled materials for Earth Day 2020.

Founding story

Fabletics was founded in July 2013 under fashion incubator TechStyle Fashion Group by Adam Goldenberg, Don Ressler and Ginger Ressler, with actress Kate Hudson also identified as a co-founder in some company and press accounts. Goldenberg and Ressler, who had previously built JustFab, launched the brand after identifying a gap between luxury activewear brands and low-cost store-brand options, aiming to offer stylish, high-quality activewear at an accessible price point. In 2015 Kate Hudson took a 20% stake and became the face of a Fabletics line.

Business model

Fabletics sells apparel direct to consumers online and through its own retail stores, with a VIP membership program at the center of the model. Members pay for a monthly subscription that provides member pricing, discounts, loyalty rewards and personalized monthly outfit selections, and may skip months. One source cites a membership cost of $49.95 per month for exclusive membership benefits; the separate Fabletics Fit app is included for VIP members and $14.95 per month otherwise.

Recurring subscription/membership revenue combined with product sales through e-commerce, a mobile app and physical retail stores; ancillary revenue lines include the Fabletics Fit content app subscription for non-members.

Traction

Reported milestones include surpassing $500 million in annual revenue and 2 million members in 2020, more than 2 million VIP members as of later reporting, and more than 3 million active customers as cited in 2026. The mobile app has surpassed 500,000 downloads on Google Play. Store count has grown from a first location in 2015 to over 100 brick-and-mortar stores.

Latest developments

In August 2026, coverage reported that Fabletics plans to add 45 stores in the U.S. and overseas over the next year and to triple its international footprint in 2026, and that Reliance Brands signed an agreement to launch the brand in India. Fabletics was named 2026 Company of the Year by the American Image Awards, with co-founder and CEO Adam Goldenberg accepting. The company also released a rebuilt version 2 of its mobile shopping app, updated in August 2026.

β–ΈFull profile β€” market position, technology, go-to-market, geography, history, risks & controversies

Market position

Fabletics positions its products between premium yoga apparel brands such as Lululemon and low-cost store-brand activewear. It is described as the largest digitally native activewear brand and as the marquee brand of TechStyle Fashion Group, whose founders report having generated over $15 billion in sales across their portfolio of digitally native fashion brands.

Combination of a membership/subscription model with personalized outfit curation, proprietary retail and personalization technology (OmniSuite and Fashion OS), size-inclusive assortment, and an omnichannel model in which store assortments are informed by online sales data. Pricing is positioned below premium activewear labels while offering design-led product.

Technology

Fabletics uses proprietary technology platforms: OmniSuite, a cloud-based enterprise retail system combining e-commerce, POS, order management and back-office functions deployed across all its stores, and a Fashion OS platform supporting personalization. Stores are stocked based on online sales trends, and members receive personalized outfit selections generated from a preference quiz covering workout style, size and color. Consumer-facing technology includes iOS/Android shopping apps and the Fabletics Fit on-demand workout and meditation app.

Go-to-market

Direct-to-consumer e-commerce and mobile app paired with a VIP membership program, an expanding owned-store fleet in North America and Europe, and extensive celebrity and partner collaborations used for customer acquisition and capsule launches, including Kate Hudson, Kevin and Eniko Hart, Vanessa Hudgens, KhloΓ© Kardashian, Demi Lovato, Maddie Ziegler, Kelly Rowland, Madelaine Petsch, Lizzo (Yitty) and Ken Jeong. Sponsorship and partnership deals include Varsity Spirit, Hydrow, Tough Mudder, the Jacksonville Classic and NCAA athletes. An August 2026 agreement with Reliance Brands is intended to bring the brand to India.

Consumers seeking activewear and active lifestyle apparel at accessible price points, primarily women but also men following the 2020 menswear launch, with an emphasis on size inclusivity (women's sizes XXS-4X, men's XS-XXL, plus a Fabletics Plus line).

Geography

Headquartered in El Segundo, California (555 S Aviation Blvd). Retail operations span the United States, Canada and Europe; the first non-US store opened in Berlin in October 2021 and a UK pop-up followed on London's Regent Street. Store counts reported across sources range from 50 North American stores (2020) to over 73 North American stores, 75 worldwide, and 95+ stores. In August 2026 the company disclosed plans to add 45 stores in the U.S. and overseas over the following year and to triple its international footprint, including a launch in India with Reliance Brands.

History

Founded in July 2013, Fabletics became TechStyle's fastest-growing label. It moved into brick-and-mortar retail in 2015 with stores in Bridgewater, New Jersey and the St. Louis Galleria, later adding dresses, swimwear and footwear in 2017. In 2017 TechStyle valued the brand at $1.5 billion and considered but did not proceed with a sale. Menswear launched in April 2020 with Kevin Hart as investor and brand face; the company reported passing $500 million in annual revenue and 2 million members that year. The Fabletics Fit app launched in March 2021, loungewear followed the same year, and the first non-US store opened in Berlin in October 2021, followed by a UK experiential pop-up on London's Regent Street. In January 2022 Kate Hudson moved from principal face of the brand to an advisory role. A tennis line launched in May 2022 and a medical scrubs line in 2023. In mid-2021 the company was reported to be working with banks on a potential IPO.

Risks & controversies

A 2021 Time magazine investigation into Hippo Knitting, a Taiwanese-owned manufacturer in Lesotho supplying Fabletics, reported allegations of sexual and physical abuse by management from at least 38 workers; Fabletics said it halted its operational relationship with the supplier and committed to paying affected workers during the investigation. In 2020 the brand apologized for offering military discounts to men but not women. Sister brand JustFab received an Advertising Standards Authority ban in August 2017 over a promotion that drew customers into a subscription. Analysts have also flagged reliance on celebrity association as a potential risk, and the reported IPO plans had not resulted in a set offering date or registration statement as of the sourcing.

Compiled by commissioned research from 7 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Active customersJan 20263,000,000 customers
Annual revenueJan 2020$500M
Fabletics Fit app price for non-membersMar 2021$14.95
Google Play app downloadsAug 2026500,000 downloads
MembersJan 20202,000,000 members
Retail storesJan 202695 stores
Retail stores (North America)Jan 202164 stores
Targeted IPO valuation (reported)Jan 2021$5B
Valuation assigned by parent TechStyleJan 2017$1.5B
VIP membership priceJan 2021$49.95

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Timeline Β· 24

launches, deals, and filings
Aug 2026
Version 2 of the Fabletics mobile app

Fabletics released a rebuilt version of its shopping app citing faster load times, improved stability and a revised browsing experience.

source β†—

Aug 2026
Reliance Brands agreement to launch Fabletics in India

Reliance Brands signed an agreement to launch the Fabletics activewear brand in India.

source β†—

Aug 2026
Plan to add 45 stores and triple international footprint

Press coverage reported Fabletics plans to add 45 stores in the U.S. and overseas over the next year and to triple its international footprint in 2026.

source β†—

Jan 2026
American Image Awards Company of the Year

Fabletics was named Company of the Year for 2026 by the American Image Awards, with co-founder and CEO Adam Goldenberg accepting.

source β†—

Jan 2023
Medical scrubs line launched

Fabletics launched a medical scrubs line, promoted in partnership with actor and physician Ken Jeong.

source β†—

May 2022
Tennis line launched

Fabletics launched a tennis line for both men and women.

source β†—

Apr 2022
Yitty shapewear brand launched with Lizzo

Fabletics partnered with singer Lizzo to launch Yitty, a size-inclusive shapewear brand offering sizes 6X to XS.

source β†—

Jan 2022
Named to Newsweek Best Customer Service List of 2022

source β†—

Jan 2022
Kate Hudson moves to advisory role

Fabletics announced that Kate Hudson would move from principal face of the brand to an advisory role.

source β†—

Dec 2021
Velour x Fabletics collection with Vanessa Hudgens

Vanessa Hudgens was announced as a spokesperson and released the Velour x Fabletics collection; a Y2K-inspired Sun-Daze summer collection followed in April 2022.

source β†—

Oct 2021
First non-US store opens in Berlin

Fabletics opened its first store outside the United States in Berlin, followed by an experiential pop-up on London's Regent Street, bringing the fleet to 75 stores worldwide.

source β†—

Jul 2021
Reported IPO preparations

Reports indicated Fabletics had tapped banks including Morgan Stanley, Goldman Sachs, Barclays and Bank of America for a potential traditional IPO seeking about $500 million at a reported $5 billion valuation; no date or registration statement had been set as of late August 2021.

$500M source β†—

May 2021
Time investigation into supplier Hippo Knitting

A Time magazine investigation reported allegations of physical and sexual abuse and harassment by management from at least 38 workers at Hippo Knitting, a Lesotho-based supplier; Fabletics halted its operational relationship with the factory and said it would provide affected workers full pay during the investigation.

source β†—

Apr 2021
Hart Collection with Kevin and Eniko Hart

Kevin and Eniko Hart released the Hart Collection, the brand's first capsule designed for both men and women.

source β†—

Mar 2021
Fabletics Fit app released

Fabletics launched the Fabletics Fit app with on-demand workouts, meditations and other content, free to VIP members and $14.95 per month for non-members.

source β†—

Jan 2021
Resale partnership with ThredUp

Fabletics expanded into retail resale in partnership with ThredUp.

source β†—

Oct 2020
Long-term partnership with Hydrow

Fabletics became Hydrow's official apparel partner, designing and producing Hydrow apparel, with member pricing on Hydrow rowers for Fabletics members.

source β†—

Apr 2020
Menswear launch with Kevin Hart

Fabletics expanded into menswear, signing Kevin Hart as an investor and the face of the new men's brand.

source β†—

Oct 2018
Varsity Spirit activewear partnership

Fabletics became Varsity Spirit's official activewear partner and launched pop-up shops at Varsity competitions; the partnership was extended through 2024 in October 2020.

source β†—

May 2017
Collaboration with Demi Lovato for Girl Up campaign

Fabletics announced a collaboration with singer Demi Lovato in support of the United Nations Foundation's Girl Up campaign.

source β†—

Jan 2017
Dresses, swimwear and footwear added

Fabletics added dresses and swimwear in spring 2017 and footwear, including slip-ons, lifestyle sneakers and workout shoes, in the fall.

source β†—

Jan 2015
First brick-and-mortar stores open

Fabletics opened its first retail store in Bridgewater, New Jersey, and its first Midwest store at the St. Louis Galleria.

source β†—

Jan 2015
Kate Hudson takes 20% stake and becomes brand face

Kate Hudson took a 20% stake in Fabletics and became the face of a Fabletics line.

source β†—

Jul 2013
Fabletics founded under TechStyle Fashion Group

Adam Goldenberg, Don Ressler and Ginger Ressler founded Fabletics in July 2013 under fashion incubator TechStyle Fashion Group; Kate Hudson is also named as a co-founder in some accounts.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

β–ΈResearch sources Β· 7

primary sources listed

7 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Fabletics do?
Digitally native activewear brand selling men's and women's apparel through a VIP membership subscription model and retail stores.
Who are Fabletics's investors?
Fabletics's investors include Avenir Growth Capital, Crosscut Ventures, Matrix, Rho Capital Partners, Rho Ventures.