Rent The Runway

Rent the Runway is a fashion technology company that provides clothing and accessory rentals through its online platform and physical stores. Founded in 2009 by Jennifer Hyman and Jennifer Fleiss, the company revolutionized the fashion industry by offering a subscription model that allows customers to rent designer apparel for a fraction of the retail price. Rent the Runway generates revenue through rental fees, subscription plans, and the sale of pre-owned items. Notably, the company has expanded its services to include everyday wear and has formed partnerships with major retailers and designers to broaden its inventory.

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