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Faire Appoints Former Wayfair CFO Michael Fleisher to Board of Directors
Businesswire· 2026-03-11 16:05
Core Insights - Faire has appointed Michael Fleisher, former CFO of Wayfair, to its Board of Directors, where he will serve as Chair of the Audit Committee, bringing extensive experience in scaling commerce and marketplace businesses [1][1][1] - Fleisher's appointment comes during a period of strong growth for Faire, with revenue increasing by 32% in 2025 and accelerating to 37% in the second half, now annualizing at approximately $550 million [1][1][1] - The company aims to become the central operating system for wholesale, leveraging its platform to deepen engagement with independent retailers and expand its market share [1][1][1] Company Overview - Faire is a global technology platform transforming wholesale, providing independent retailers with access to unique products and data-driven tools to enhance their business operations [1][1][1] - The platform has facilitated over 10 million new connections between brands and retailers, offering net 60 payment terms and free returns on opening orders to eliminate inventory risk [1][1][1] - Faire's recent expansion into New Zealand and 14 additional European countries marks its broadest international rollout, reinforcing its position as a preferred platform for independent retailers [1][1][1]