Direct To Consumer Apparel Startup Stitch Fix New CFO Hire Indicates Possible IPO

By  |  June 20, 2017
 | 

Combine a few profitable years with the recruitment of a new CFO, and rumors will start to churn.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    In direct to consumer news, online personal shopper startup Stitch Fix has announced the hiring of its new chief financial officer (CFO), Paul Yee.

    Prior to joining Stitch Fix, Paul Yee served as CFO for People Against Dirty, the parent company of household product brand Method. Prior to his work at Method, Yee also held executive roles at Peet’s Coffee and apparel companies the Gap and Old Navy.

    Many believe this hire is a strategic decision to help guide Stitch Fix toward an initial public offering (IPO). While the company has been profitable for years, its recorded revenue came in at $730 million in its last fiscal year with $42 million raised in funding.

    At this time, Stitch Fix has not commented on the possibility of its future IPO filing details.


    Recommended

    Meta Hires Apple Design Executive Alan Dye to Lead New Creative Studio

    Discount Retailers Drive Resurgent Demand for Retail Space

    Coinbase Partners with Banks on Crypto and Stablecoin Pilot Projects

    OpenAI Foundation to Disburse $40.5 Million in Grants to Nonprofits

    See More In: , , , , , , , , , ,