×
130
Fashion Jobs
H&M
Power bi Specialist to h&m Group Business Tech
Permanent · Stockholm
H&M
Product Owner – Sap Data Volume Management
Permanent · Stockholm
H&M
Group Manager Group Compliance
Permanent · Stockholm
H&M
Product Area Manager – Ecosystem Platform, Customer Domain
Permanent · Stockholm
H&M
Senior Communications And PR Manager to h&m Group Business Tech
Permanent · Stockholm
H&M
Accounting Business Expert With Sap Experience
Permanent · Stockholm
H&M
Product Area Lead Engineer Within Circular Business Models - h&m Group
Permanent · Stockholm
H&M
Learning And Development Specialist to Business Tech HR
Permanent · Stockholm
H&M
Business Analyst For The h&m Brand Customer Insights & Analytics Team
Permanent · Stockholm
H&M
Tech Oriented HR Business Partner –h&m Group Business Tech
Permanent · Stockholm
H&M
Process And Learning Specialist Within Business Controlling to Assortment Support & Learning
Permanent · Stockholm
H&M
Head of Product Analytics – h&m Business Tech - Customer Domain
Permanent · Stockholm
H&M
Commercial Advisor to h&m Group Business Tech
Permanent · Stockholm
H&M
Product Area Manager - Business Tech Checkout
Permanent · Stockholm
H&M
Business Expert With Passion For Product Information to h&m Group Business Tech - Customer Domain
Permanent · Stockholm
H&M
Software Engineer to The Network Management & Security Team Within Business Tech
Permanent · Stockholm
H&M
Analytical Engineer to Business Tech, h&m Group
Permanent · Stockholm
H&M
Technical Engineer to Monitoring & Insights Team, Business Tech h&m Group
Permanent · Stockholm
H&M
Product Owner - Cloud Analytic Platform
Permanent · Stockholm
H&M
Data Specialist to Tech Enablement, Business Tech h&m Group
Permanent · Stockholm
H&M
Product Owner With Sap Competence – Data Foundation
Permanent · Stockholm
H&M
Product Owner – Engagement Engine - Customer Engagement, h&m Group Business Tech
Permanent · Stockholm
Published
May 22, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

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 © 2021 FashionNetwork.com All rights reserved.