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Warby Parker is looking to hire a head of investor relations and in-house lawyer for SEC compliance.
The direct-to-consumer brand is talking to potential advisors about a listing this year, Bloomberg reported this week.
Now more than a decade old, Warby Parker was last valued at $3 billion, according to TechCrunch.
Warby Parker is looking to staff up with legal and investor-relations pros who can help it prep for being a public company.
Last week, Warby Parker posted a job listing for an in-house lawyer armed with extensive knowledge of corporate and securities law for public companies, especially when it comes to SEC and stock exchange compliance. The assistant general counsel will be tasked with building the company s securities function as it builds to the next stage o
The coronavirus pandemic dished out a major stumble for fashion rental company Rent the Runway, as many consumers opted for less fancy wardrobe options to work from home.
Still, Campbell said that there s still room for hope for the brand, which was founded in 2009. The bulk of their customers did not cancel their memberships, she said. They just put them on hold.
That being said, Campbell said that Rent the Runway likely is going to need to do something to stay viable. An acquisition seems unlikely because there s really nobody out there who can that business model very well. An IPO would provide a much-needed cash infusion.