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Fashion Jobs
AESOP
Retail Consultant | Part-Time (30 Hours) & Full-Time | Aesop City of Stockholm
Permanent · STOCKHOLM
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H&M
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Data Analyst to an Inventory Optimization Team in Business Tech
Permanent · Stockholm
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Business Minded Data Specialist to h&m Group
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Scrum Master (Service Now) to Support And Operations Toolings Team at h&m Business Tech
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we Are Looking For Business Intelligence Analysts to Group Expansion, h&m
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Business Intelligence Analyst
Permanent · Stockholm
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Cyber Security Trainer
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Security Advisor
Permanent · Stockholm
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Power bi Specialist to Kpi Dashboards Within Business Tech
Permanent · Stockholm
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ai Learning & Development Manager
Permanent · Stockholm
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Import-Export Manager to h&m Distribution Centre in Eskilstuna
Permanent · Eskilstuna
H&M
Scrum Master to Support & Operation Tooling, Monitoring & Insights Team at h&m Business Tech
Permanent · Stockholm
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Business Expert Full-Stack 3d Garment Specialist
Permanent · Stockholm
H&M
Digital Product Owner to Inspire & Discover
Permanent · Stockholm
By
Reuters
Published
Jul 19, 2021
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Rent the Runway confidentially files for U.S. IPO

By
Reuters
Published
Jul 19, 2021

Rent the Runway has confidentially filed paperwork with U.S. regulators for an initial public offering (IPO), as it looks to cash in on the booming market for rental clothes and second-hand apparel.


Photo: Reuters



The online clothing rental firm said on Monday the number of shares on offer and the target price range for its IPO had not yet been determined.

Founded in 2009, New York-based Rent the Runway allows customers to rent clothes and shop second-hand merchandise from over 750 designer brands.

It raised funds last year at a valuation of $750 million, below its previous valuation of $1 billion, Bloomberg News reported in June.

Demand for second-hand clothes has jumped in recent months as customers become increasingly conscious about their carbon footprint, boosting revenues at subscription-based styling service Stitch Fix and online resale shop ThredUp.

Denim maker Levi Strauss has also entered the used clothing market, while Etsy last month announced the acquisition of Gen Z-focused fashion resale firm Depop for $1.63 billion.

Online eyewear seller Warby Parker and Forever 21 owner Authentic Brands Group have also filed for IPOs this year.

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