By  on March 26, 2019

Designer clothing rental company Rent the Runway Inc. was hit with a lawsuit on Monday by upstart rival FashionPass Inc., accusing it of monopolizing the fashion rental market by hogging suppliers and depriving it of more than $3 million in profits.

Since last fall, Rent the Runway has sought exclusive purchasing rights from several apparel brands including Citizens of Humanity, Fifth Label and Blank NYC, among others, according to the suit, which was filed in state court in Los Angeles.

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