The RealReal luxury consignment Web site has raised $20 million in a Series C funding round. The funding will be applied toward “expansion of our operations and infrastructure,” said founder and chief executive officer Julie Wainwright. “Additionally, this investment will help us accelerate our supply and customer acquisition efforts.”
The site is expected to more than double its annual volume this year to $125 million from $55 million in 2013. It has 5,000 active consignors and 2.4 million members.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)