Indochino, a Vancouver-based omnichannel men’s wear brand, has beefed up its management team.
The company has brought Randy Binning on board as vice president of retail operations and promoted Dean Handspiker to vice president of design, product and showroom development.
Binning has spent the last 15 years at Guess Inc., where he has served as both director of West Coast North America and then director of stores for Canada. At Indochino, he will be charged with leading a consistent customer experience across all locations and work to ensure continued profitability as the company expands.
Handspiker will be responsible for the overall look and vision of the Indochino products and will oversee the seasonal design of the brand’s suits, shirts and accessories. He will also work to ensure a consistent message in each of the company’s showrooms.
“Building a world-class team of dedicated, highly skilled and forward-thinking people has been a top priority for us in the past couple of years and we are thrilled to welcome Dean and Randy to our senior management team simultaneously,” said Drew Green, chief executive officer.
In April, Indochino opened three showrooms in Western Canada, bringing the total to 13. There are also five additional showrooms planned for the U.S. this year.
Indochino, which creates online custom clothing, was recently rumored to be among the companies being eyeballed by Amazon for acquisition as that company continues to increase its focus on fashion.
However, Green denied the report saying that he is “not actively looking to sell the business. We want to operate it and be the best we can be.”
Green joined the company at the end of 2015 and last March secured a $30 million investment from China’s Dayang Group, one of the world’s largest suit manufacturers that counts Warren Buffett as a major fan. Since its founding in 2007, Indochino has received around $30 million through Series B funding and from venture capital investors.
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