5g: The Newest News & Updates September 2023
December 8, 2023
The largest news of the yr was the long-awaited IPO for Rent the Runway, which boasts more than 750 model partners. Additionally, Kering invested in bag rental platform Cocoon, and Burberry launched rental and resale via My Wardrobe HQ. Rent the Runway can additionally be promoting the choice to purchase its items. Vestiaire Collective raised €178 million, sold a 5 per cent stake to Kering and established “Brand Approved” resale with Alexander McQueen; and Grailed raised $60 million from rival Goat Group and Gucci’s CEO, among others. Resale marketplaces and white-label platforms similar to Reflaunt, Trove, Rebag, Ebay, Goat and…