Stitch Fix Hires New CFO Amid IPO Rumors
Stitch Fix, the fast-growing online retailer that ships personalized fashion assortments to customers’ doors, has hired a new chief financial officer. Paul Yee was most recently the global CFO at People Against Dirty, the parent company of household product brand Method.
At Stitch Fix, Yee is joining a company that appears to be on a fast track to an IPO. The company recently said that it recorded revenue of $730 million in its last fiscal year, just its fifth year of operation. Stitch Fix has been profitable for several years (unlike many venture-backed e-commerce startups), originally raising $42 million in funding, but hasn’t taken on a new investment since 2014.