Shares of US online luxury reseller The RealReal Inc jumped 40% in their debut on Friday, giving it a market capitalization of $2.32 billion and signalling increased investor appetite for listings of consumer companies.
The world is changing and fashion and beauty need to change too - and fast - speakers at the Decoded Future summit in London said. Sustainable packaging, rental, resale and Gen Z mean the old rules no longer apply.
Chanel and The RealReal continue to be embroiled in a legal dispute that began in November, with the French fashion house showing no signs of backing down following a new filing in a New York federal court.
A new report by The RealReal shows Hermès, Gucci, Van Cleef and Canada Goose are some of the most valuable brands that shoppers can give this holiday season, as the year's top performers when it comes to resale value.