The company is looking for a comeback after revenue declined by 50 percent to roughly $135 million in 2020, according to The Information. New chief executive and co-founder Jen Rubio discussed the brand plans to fuel a return to growth in 2021, including retail expansion, internal infrastructure growth and preparing for an IPO.
That also includes changes to workplace culture. Rubio is the company’s third chief executive, succeeding both Stuart Haselden and co-founder Steph Korey. Korey first stepped down as CEO after employee complaints around the company’s internal culture surfaced in a report from The Verge in December 2019.