Where will a new CEO and new funding take the Vancouver Co.
By Anthony Ha.
Indochino is following up on the recent appointment of a new CEO with a big new round of funding.
The company, which allows you to purchase made-to-measure menswear on its website and in physical showrooms, is announcing a $30 million strategic investment from China-based clothing manufacturer Dayang Group.
After he became Indochino’s CEO at the end of last year, Drew Green said the company was aiming to sell 1 million suits per year by 2020. (While Indochino isn’t saying how many suits it sells currently, it does claim to have averaged more than 100 percent annual growth since it was founded in 2007.)
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