Matchesfashion’s auditor has included a going concern warning in the firm’s latest set of accounts as the company works its way back from the pandemic battering it took and faces financial covenant deadlines in January.
The footwear and accessories brand has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of its common stock.
Matchesfashion has poached Amazon executive Ajay Kavan to be its new CEO, replacing Ulric Jerome. He has been a vice-president at Amazon for the past nine years, and will join the luxury fashion retailer on 19 March.
Moda will use the funds to continue to invest in its core client experience, shopping model, unique curation of fashion, fine jewelry, and home decor, as well as the data and technology systems that power its platform.