US-based Shoes and accessories site JustFab has acquired European rival The Fab Shoes.
The Fab Shoes operates in France and Spain and will give US-based JustFab, which has a European headquarters in Germany and a UK operation, greater access to the mainland European market.
JustFab raised $76 million (£50 million) funding last year and $33 million in 2011 to spend on acquisitions and development. That took total funds raised by parent Intelligent Beauty to $139 million since the site's launch in 2010.
The Fab Shoes has more than 500,000 users in France and Spain and JustFab has 1.5 million in Germany and the UK. JustFab's European sales were $2 million in 2012 but it told Techcrunch.com that growth and acquisitions would take sales this year to more than $30 million.
Co-founder and co-chief executive Adam Goldenburg said JustFab has 15 million members worldwide and expects to turnover $250 million globally this year.
Earlier this year JustFab, which sells shoes, denim and accessories, bought childrenswear e-tailer FabKids, which offers a personalised shopping service based on customer preferences. JustFab is focused on acquiring businesses which are based on its own subscription model.
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