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Are you interested in reading fashion news about haute couture, prêt-à-porter and avant-garde clothing? We hope so because you will learn about these topics as well as find style reports about emerging designers, new lifestyle brands, cutting edge fabrics, and much more. Anything relevant to the fashion industry is open for discussion.

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Friday, March 22, 2019

Rent The Runway Billion Dollar

Are you ready to put your closet in the cloud?

Today, online fashion company Rent the Runway announced that it has reached a $1 billion valuation.

Is that valuation deserved?
Rent the Runway, Inc. rents designer dresses, clothing, and accessories for women through its stores and online. It provides apparel, such as party dresses, gowns, jumpsuits and rompers, outer wear tops and bottoms, and jackets and coats; and jewelry, handbags, scarves, hats, and sunglasses.

How is the billion dollar valuation calculated?

Rent the Runway Valued at $1 Billion (New York Times) "The company said it had brought in $125 million in the latest fund-raising round, which was led by Franklin Templeton Investments and Bain Capital Ventures. That brings the total equity the New York-based company has raised to $337 million, and adds to a $200 million credit facility it secured in August."

I am a garmento and don't work in the financial market.  When a company raises money is that sort of debt owed to someone.  Should valuation be based on earnings?  How much does the company earn each year?

New styles for every season from hundreds of designers. Why buy when you can rent?  Think about the value proposition to the customer.

Rent the Runway

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Fashion blogs typically cover various aspects of clothing, footwear and personal style. Ours is exactly what one would expect from a leading international resource and more.

Designer brands: If you are researching the newest emerging indie designers or the most popular international designer brands, you will find articles and enlightening reviews on the subject. Fashionistas will find what appears to be an endless stream of designer options.

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Essentially, we cover most of the topics you would find in an industry journal as well as other topics that you would discover in a typical fashion magazine.

Fashion is a multi-billion-dollar industry that has considerable impact on the way ordinary people dress and present themselves. Fashion is trend-driven and our fashion blog by Apparel Search provides a riveting way to follow and oversee these fast-paced trends. The blogoshepere has tons of style sites for your review. We thank you for taking the time to view ours.

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