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.
Fashion rental company Rent the Runway on Monday made public its paperwork for a U.S. stock market flotation, joining a bunch of retailers looking to cash in on the record boom in capital markets since last year.
The Real Leather. Stay Different. International Student Design Competition has announced its first-ever winner: Emily Omesi, a BFA undergraduate at FIT, New York, who beat almost 400 other participants.
U.S. retail sales unexpectedly increased in August, boosted by back-to-school shopping and government child tax credit payments, which could temper expectations for a slowdown in economic growth in the third quarter.
Knowlton Development Corp said on Tuesday it was looking to raise up to $857.14 million through a U.S. initial public offering, valuing the manufacturer for beauty, personal and home care brands at more than $3 billion.
When the world's two biggest fashion groups unveil quarterly sales figures on Wednesday, Inditex is seen back at pre-pandemic levels as stores reopen and people renew their wardrobe, while H&M still has some way to go.
Walmart has named a top partner at Morgan, Lewis & Bockius and former U.S. Justice Department leader during the Donald Trump administration to serve as chief global ethics and compliance officer for the mega-retailer.
Unilever's first-half results should give a sign of how it is coping with rising commodity and transport costs - whether it has managed to lift prices without hitting sales volumes, or whether margins are being squeezed.