The luxury resale marketplace announced on Thursday that gross merchandise value on its platform totaled approximately $146 million in November, with growth driven by shopping holidays such as Black Friday.
As the online marketplace continues to build out its authentication services, it has acquired the New York-based event organizer and sneakerhead platform’s authentication business for an undisclosed sum.
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 secondhand fashion marketplace has appointed co-founder Tracy Sun to the newly created role of SVP of seller experience as it seeks to enhance its platform with a range of new seller-focused initiatives.