Fashion

Figs

FIGS is a lifestyle brand that works in the healthcare industry. The main product made by figs is scrub. This brand is bringing scrubs into the twenty-first century.

Fashion
Figs


FIGS is a lifestyle brand that works in the healthcare industry. The main product made by figs is scrub. This brand is bringing scrubs into the twenty-first century. The mission of figs is to transform the healthcare experience of the people by creating modern, innovative and technical apparel. FIGS is revolutionizing the $60B medical apparel industry by bringing the highest quality medical apparel in the world into existence and by selling them directly to medical professionals via a thoughtfully branded, data-driven, and digitally native platform. The medical professionals have changed their thought process when it comes to buying from Figs. Now, many medical professionals purchase their work wear directly and create a fanatical community made up of roughly one in ten people in the US that work in the field of healthcare. For most of the people, medical scrubs like toilet paper, open parking spots and triple batteries are the stuff in day to day life about which we don't think about until they need them. But for the 20 million American people who are part of the healthcare industry which is basically the nation's largest employment sector, scrubs are their daily necessity. A new standard for health quality is set by FIGS by providing amazing product quality in apparel design and has a relentless focus on fit, function, design as well as comfort. The initiative known as Threads for Threads by Figs is central to the mission and has donated scrubs to healthcare providers in need in over 35 countries across the world. Figs have become a fast-growing, innovative, and collaborative team whose mission is to serve to those who serve others. Heather Hasson, founder of Figs and her cofounder Trina Spear receive many emails everyday about various issues on healthcare. Being co-CEOs, they both constantly get letters and messages from nurses and doctors about how Figs has changed lives. "They wear their scrubs seven days a week, 14 hours a day," says Hasson. "And they're boxy and ill-fitting and scratchy."

Figs is so huge in the present time that over 19 million healthcare workers in the U.S. works under the brand name as of December 2017. Hasson and Spear are ready with their massive plan to bring the most stylish, antimicrobial, odor-free and wrinkle-free designs into the market. Film magnate Thomas Tull certainly thinks so. The founder of Legendary Entertainment, who had previously taken a stake in FIGS, is currently the majority owner, investing an amount of $65 million into the company, which aims to reach profit up to $50 billion in sales so that the medical apparel industry rakes in globally.       FIGS isn't the one and only company that is vying for a piece of the medical apparel market, the competition is there.  figs is the company founded by the female, and according to information from PitchBook, since last year, only three other investments in female-founded companies exceeded the amount Tull is sinking into FIGS through his Tulco, a holding company with the goal of looking for companies in large industries that are ripe for disruption.

  • Details:
  • Category: Fashion
  • Company: Figs
  • Established: 2013
  • Location: Los Angeles County United States

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