Stitch Fix COO Steps Down Ahead Of Rumored IPO

Online subscription fashion retailer and personal stylist Stitch Fix is losing its COO Julie Bornstein — perhaps at an inopportune time. In May, Stitch Fix hired investment banks Goldman Sachs and JPMorgan Chase to lead an initial public offering (IPO) that could value the retailer between $3 billion and $4 billion, according to Reuters.

While an IPO filing date has never been confirmed, Stitch Fix fed into the speculation in June when it appointed a new CFO, Paul Yee.

Bornstein, who served as the number…