Technology News: Latest And Breaking News And Updates On Technology, Events, Devices And Products Announcements
The biggest news of the year was the long-awaited IPO for Rent the Runway, which boasts greater than 750 model partners. Additionally, Kering invested in bag rental platform Cocoon, and Burberry launched rental and resale through My Wardrobe HQ. Rent the Runway can additionally be promoting the choice to buy its items. Vestiaire Collective raised €178 million, sold a 5 per cent stake to Kering and established “Brand Approved” resale with Alexander McQueen; and Grailed raised $60 million from rival Goat Group and Gucci’s CEO, among others.