Co-Founder Kate Hudson transitions to advisory role for Fabletics

Hudson’s decision to move into an advisory role comes after eight successful years of serving as the public face of Fabletics. She will continue to bring her expertise to the company as a strategic advisor and remain a shareholder.

Fabletics CEO Adam Goldenberg expressed his gratitude for Hudson’s dedication to the brand and acknowledged her significant contributions to the company’s success. Since its inception, Fabletics has built a community of over 2 million active members and expanded its product offerings in both women’s and men’s activewear.

The company has also opened 73 tech-enabled retail stores across the United States and operates e-commerce sites in eight western European countries, with two European stores in Berlin and London. Kate Hudson reportedly owns 20 percent of Fabletics, which was worth about $250 million in 2017.

This ownership stake has earned her an impressive $50 million through the company alone. In addition to her involvement with Fabletics, Hudson continues to work on mission-driven start-ups such as In Bloom and King St. Vodka and maintains various charitable and humanitarian affiliations…