The company revealed on Tuesday that it will offer some 15 million shares, which it expects to sell for between $18 and $21 apiece. At $21 a share, Rent the Runway’s valuation could hit nearly $1.3 billion.
The American clothing label, which was acquired by Authentic Brands Group from PVH earlier this year, has extended its licensing agreement with Centric Brands to cover new product categories and distribution channels.
As eco launches ramp up, UK sustainable intimates brand ONE Essentials has debuted a range of natural, biodegradable, non-toxic underwear. It features “fundamental basics centred around a closed loop system”.
Demand online for new officewear jumped in September as workers steadily began reverting to pre-pandemic conditions, a new report shows. Online fashion checkouts for apparel increased 15% year-on-year last month.
Premium fashion retailer Reiss has this week unveiled the first-ever kidswear offer that it flagged with its results last month. The company has created an upscale line that reflects the wider brand’s overall profile.
Matalan revenues rose fast in Q2 but could have risen faster if not for supply chain issues. The company is staying cautious as logistics problems frustrate efforts to get the product customers want into its stores.
Singapore-based classified marketplace Carousell Group announced on Monday the acquisition of Ox Street, one of the fastest growing end-to-end marketplaces for authenticated sneakers and streetwear in Southeast Asia.