VANCOUVER, BC--(Marketwired - December 08, 2015) - INDOCHINO™, the global retail pioneer in made to measure menswear, today announced the appointment of Drew Green as the company's new Chief Executive Officer. Green will lead the company's growth strategy and mission to establish INDOCHINO as a leading international, omni-channel apparel brand.
This announcement coincides with what will be a record breaking sales year for INDOCHINO. The company has already surpassed 2014's total year sales and is on track for annual sales growth of 40 per cent. Additionally, INDOCHINO had an unprecedented November, with 47 per cent growth in the amount of suits sold in November 2015 over November 2014, and an increase of 39 per cent in new customers acquired.
"After an extensive international search, the Board is thrilled to have an executive of Drew's caliber leading the company's growth strategy. He is a rare blend of entrepreneur and passionate operator, and is unquestionably one of the top e-commerce and retail executives in North America. Drew brings a proven ability to create and grow shareholder value, and we are confident in his bold vision for building INDOCHINO into a global brand," said Scott Jacobson, INDOCHINO Chairman and Managing Director at Madrona Venture Group.
Green is committed to innovation, continuously improving the overall customer experience, expanding the product catalogue, and significantly expanding the company's online and physical retail presence through domestic and international strategic partners.
"I believe rapid growth is achieved through a combination of great people, quality products, and partnerships that multiply the potential of unbelievable customer experiences at scale. As such, I see tremendous global potential for INDOCHINO. In a few short years, the company has grown from nascent start-up to a preeminent menswear company that is fundamentally changing the way men dress," said Drew Green, INDOCHINO CEO. "I look forward to working with the wonderful INDOCHINO team to make it easier for people around the world to purchase high quality, personalized apparel and accessories at a fair price."
A high-growth management veteran and iconic Internet entrepreneur, Green has spent his entire career connecting online audiences with retailers through advertising technology, e-commerce and marketplace platforms in the United States, the UK and Canada, helping to create significant shareholder value over nearly two decades.
Along with founding SHOP.CA in 2009, Green was the founding CEO and Chairman of SHOP.CA, Canada's first multi-category marketplace and one of the country's largest online retailers. He remains a director and the majority shareholder of SHOP.CA. Previously, Green held leadership roles with Flonetwork (acquired by DoubleClick), DoubleClick (acquired by Google) and SHOP.COM (acquired by Market America).
In 2011, Green founded Katapult Internet, a holding company that empowers over a dozen companies in web, retail and emerging market categories. He is also a proud board member at The Scarborough Hospital Foundation, which oversees a network of hospitals in one of the most underprivileged and underfunded communities within the Greater Toronto Area.
INDOCHINO co-founder and outgoing CEO, Kyle Vucko will continue as a strategic advisor to the company.
"On behalf of everyone at INDOCHINO, I want to deeply thank Kyle for everything he has done for the company. Founding a company takes courage, resiliency and an uncommon fortitude. Kyle is an outstanding entrepreneur who has fundamentally changed the way men buy suits. He has grown the business from an idea sketched on a napkin at university to a global brand, with distribution to 106 countries. As an entrepreneur, I know first hand the sacrifices required to start a company, attract talent, capital your cause and win the marketplace. The INDOCHINO team owes Kyle a debt of gratitude and we look forward to continued collaboration," said Green.
INDOCHINO is at the forefront of revolutionizing men's fashion. Since the company's founding, it has grown to be one of the largest made to measure menswear brands on the market. Over the past twelve months, INDOCHINO has opened seven retail locations across North America while continuing to expand its online presence. The company is also in the process of localizing its online experience to better serve its global customer base.
About INDOCHINO
INDOCHINO (www.indochino.com) is at the forefront of a global suit revolution that is seeing more and more men suiting up once again. With the goal to deliver one million made to measure suits a year by 2020, INDOCHINO makes it easy for men globally to purchase the highest quality made to measure suits and shirts at a great price.
INDOCHINO is the first online company to disrupt the retail and retail technology sector by delivering mass one-to-one apparel garments for its customers. The company's multi-touch customer experience allows men to order their made to measure clothing online, via mobile or in person at INDOCHINO showrooms in Toronto, Vancouver, New York, San Francisco, Philadelphia, Beverly Hills and Boston.
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Contact Information:
For all media enquiries, contact:
Sarah Mayer
sarah.mayer@indochino.com
+1 (604) 396 3473
