Reformation Files for US IPO as Revenue Rises to $112.3 Million

1 articles · Updated · Bloomberg · Jun 25

Reformation disclosed a $12.1 million net loss for the 13 weeks ended March 28 in its US IPO filing, more than double the $5.6 million loss a year earlier.
Revenue climbed to $112.3 million from $86.1 million over the same period, showing sales growth even as losses widened.
The Vernon, California-based sustainable womenswear brand is backed by private equity firm Permira, which stands to gain liquidity from the listing.