Despite pandemic losses, Rent the Runway debuted on the stock market with a $1.4 billion valuation On Wednesday, Rent the Runway debuted with a $1.4 billion valuation, near the top of its expected range.
How Allbirds plans to balance sustainability and investor pressure after it goes public For Allbirds, a focus on sustainability has been a key part of the brand’s identity from the very beginning. So, needing to satisfy investors looking for quarterly profits may be a tough balance. That’s why Allbirds is intending to file as a Public Benefit Corporation, or PBC, which it announced...
Eric Ryan’s luxury jewelry brand Cast raises $12 million in first funding round Eric Ryan’s three previous brands have all been in categories he said failed to capitalize on cultural shifts. Over the last 10 years, he founded the home cleaning brand Method, the vitamin and gummy brand Olly, and the first-aid brand Welly. Now, Ryan is entering a new segment that he...
‘Education is key’: Outdoor apparel brand Arc’teryx grows its circularity program Nearly six months into ReBird's existence, Dominique Showers, Arc’Teryx’s vp of recommerce, said the company is ready to expand the program. In November, Arc’Teryx is opening its first dedicated repair center on Broadway in NYC's SoHo, and next year, it will expand its resale offerings to Canada. They're currently only...
Week in Review: CFDA Awards, Richemont’s Net-a-Porter problem and Farfetch’s new private label On this week's episode of the Glossy Week in Review podcast, fashion reporter Danny Parisi and editor-in-chief Jill Manoff start by discussing some of the honorees at this year's CFDA awards, including Zendaya, Anya Taylor-Joy and the Model Alliance.
‘I’m embracing the discomfort’: Fashion executives share how their office style has transformed In talking to executives across the fashion industry, it’s clear that a style shift is happening. Office wardrobes are more casual and comfortable than ever before. However, for some -- particularly those that get personal fulfillment from their style -- the return to the office is, indeed, a good reason...
How text messages became Rebecca Minkoff’s most effective marketing channel According to Sona Martirosian, director of e-commerce and digital marketing at Rebecca Minkoff, no channel has come close to delivering the level of conversion that SMS has since the brand began experimenting with texting customers in March 2020. Since that time, SMS has brought in $8 million in revenue, an...
Inside the material strategy driving Pangaia’s new denim collection Recently, Pangaia's innovation team became enamored with using nettle, a plant that the brand has sourced from the Himalayas, for clothes. Nettle is sturdy, strong and not overly industrialized the way that materials like cotton are. To promote the new material, Pangaia launched a collection of jeans and denim jackets...
- Week in Review: Coach’s bag-slashing controversy, LVMH’s earnings and Vuori’s $400 million fundraising round
In this week's Week in Review podcast, fashion reporter Danny Parisi and editor-in-chief Jill Manoff discuss the biggest fashion news of the week. Topping the list is the viral backlash surrounding Coach's policy of slashing bags.