One year in – Fab Europe reveals new figures

Birthday
Birthday

To celebrate the company’s first year in Europe, Fab has released figures that point to a successful beginning on the continent. Fab Europe was launched in Germany and is now available in 24 countries, increasing its customers from 150,000 in 2012 to 3.5 million today.

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Interestingly, 30 per cent of Fab’s sales now come from Europe. The company first launched in the US in 2011 and has its European headquarters in Berlin – where it faces competition from designer eCommerce site Monoqi. In an interview with VentureVillage, cofounder and serial entrepreneur Jason Goldberg said Fab made $150m sales in its first year – an amount he said no one could have expected.

Goldberg has high hopes for the company’s future: “We want to be a brand like Facebook or Coca-Cola, where people around the world know about us.”

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Image credit: Flickr user Aih.

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