78
Fashion Jobs
ADIDAS
Customer Fulfillment Senior Manager, See
Permanent · ATHENS
BEIERSDORF
Sales Representative North Greece (Based in Thessaloniki)
Permanent · ATHENS
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · THESSALONIKI
L'OREAL GROUP
Senior Product Manager Maybelline – Consumer Products Division
Permanent · NEA IONIA
CLINIQUE
Consumer Marketing Manager, Clinique
Permanent · ATHENS
LA MER
Consumer Marketing Executive, LA Mer
Permanent · ATHENS
TOM FORD
Consumer Marketing Manager Tom Ford
Permanent · ATHENS
L'OREAL GROUP
Beauty Advisor
Permanent · THESSALONIKI
L'OREAL GROUP
Nyx pm Beauty Advisor (Attiki)
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · CHALANDRI
ESTÉE LAUDER COMPANIES
Fixed Assets & Decorations Supervisor
Permanent · ATHENS
SEPHORA
Accounting
Permanent · ATHENS
SEPHORA
Category Specialist
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων (Mare West) - Μερική Απασχόληση
Permanent ·
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · PIRAEUS
H&M
Hiring Day Chania - Sales Advisors
Permanent · CHANIA
MAD LORDS
Sales Assistant Scorpios Mykonos
Fixed-term · MYKONOS
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · MAROUSI
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων (Metro Mall) - Μερική Απασχόληση
Permanent · AGIOS DIMITRIOS
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · KALAMATA
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · NEA IONIA
Published
May 22, 2020
Reading time
2 minutes
Download
Download the article
Print
Text size

Rent the Runway seeking $25 million in funding round

Published
May 22, 2020

Digital-first fashion rental service Rent the Runway is reportedly seeking $25 million in its latest funding round, which would see the company valued at approximately $750 million, under a previous valuation of $1 billion.


Facebook: Rent the Runway

 
The funding round is being led by existing Rent the Runway investor T. Rowe Price, said Business of Fashion on Thursday, citing people familiar with the matter.
 
T. Rowe Price’s first investment in NYC-based Rent the Runway came last year, as part of a $125 million funding round led by Franklin Templeton Investments and Bain Capital Ventures, which saw the company valued at $1 billion.

With its latest funding push, Rent the Runway would be joining a growing list of start-ups offering discounts to private investors as they attempt to secure funds in order to deal with the economic challenges presented by the ongoing Covid-19 pandemic.

The company runs five brick-and-mortar locations, spread over New York, Chicago, Washington DC, San Francisco and Santa Monica, all of which have been closed since March 16, in line with coronavirus restrictions.
 
Earlier this month, Rent the Runway had to respond to a Huffington Post report claiming that the company was mistreating its employees during the coronavirus crisis, failing to promptly introduce appropriate safety measures in its warehouses and laying off retail and customer service associates with little or no warning.

“Because of the Covid-19 pandemic, RTR's sales have dropped significantly,” the company said at the time. “We therefore have had to make difficult decisions to sustain the business by cutting costs across the board.” 

According to Business of Fashion’s sources, who did not wish to be named because the matter is private, Rent the Runway’s plans for its latest funding round are not final and may still change.

Copyright © 2024 FashionNetwork.com All rights reserved.