Fashion Brand Reformation Reportedly Preparing for Summer IPO

Reformation, a Los Angeles-based fashion brand known for its sustainable practices, is reportedly preparing for an Initial Public Offering (IPO) this summer. Major outlets, including The Wall Street Journal, indicate the company is expected to confidentially file for an IPO within the current month, with a potential listing as early as next month. The move follows a period of significant growth for Reformation, which has posted annual profits since 2016 and anticipates exceeding $500 million in revenue this year.