85
Fashion Jobs
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
PUMA
Quality Engineer Cobra
Permanent · HO CHI MINH CITY
PUMA
Key Account Manager, Marketplace E-Com
Permanent · HO CHI MINH CITY
ON RUNNING
Head of Footwear Sourcing
Permanent · HO CHI MINH CITY
Published
Mar 13, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Rent the Runway receives $21 million-dollar investment

Published
Mar 13, 2018

NYC-based garment rental service Rent the Runway has obtained a significant financial boost from investors Joe Tsai and Alibaba CEO Jack Ma via the Blue Pool Capital investment fund.


Rent the Runway is now valued at around$800 million - Instagram: @renttherunway, @itsljwright



Blue Pool Capital is a multibillion-dollar fund which makes investments on behalf of a group of long-term investors, including Tsai and Ma, in both public and private equity.
 
In a statement to FashionNetwork.com, Jennifer Hyman, Rent the Runway co-founder and CEO, confirmed the investment, stating, “Over time, we have been fortunate to build a great relationship with the Blue Pool team, and I am delighted to have such forward-thinking business leaders behind Rent the Runway as we embark on our biggest growth stage yet.”

Rent the Runway launched in 2009 as an online service renting designer dresses to customers for special events. The company has since opened brick-and-mortar locations in New York City, Chicago, San Francisco, LA and Washington, DC, and expanded its services to cover rentals of everyday wear.

This round of investment reportedly values Rent the Runway at around $800 million, following the company’s last major round which saw it receive $60 million in Series E funding from investors led by Fidelity Management in 2016.
 
Apparel and accessory rental services and sharing platforms are currently a rapidly growing industry, with luxury items such as jewelry and designer watches and clothes proving particularly popular on sites like Flont and Armarium, which offer consumers the opportunity to experience high-end products at a reduced price.
 
It is a wave that Rent the Runway has been successfully riding since launch and, having observed a 125% increase in its unlimited subscription business last year, the company was also able to introduce a monthly subscription service in October. 

Copyright © 2024 FashionNetwork.com All rights reserved.