{"id":161764,"date":"2019-06-28T18:19:58","date_gmt":"2019-06-28T18:19:58","guid":{"rendered":"https:\/\/theindustry.beauty\/secondhand-fashion-site-therealreal-soars-on-wall-street-debut\/"},"modified":"2021-08-12T14:01:59","modified_gmt":"2021-08-12T14:01:59","slug":"secondhand-fashion-site-therealreal-soars-on-wall-street-debut","status":"publish","type":"post","link":"https:\/\/theindustry.beauty\/secondhand-fashion-site-therealreal-soars-on-wall-street-debut\/","title":{"rendered":"Secondhand fashion site TheRealReal soars on Wall Street debut"},"content":{"rendered":"<p>Shares in The RealReal, the US secondhand luxury fashion website, <strong>jumped more than 40% after their Wall Street debut<\/strong> as investors cashed in on the growing buzz around the circular economy in fashion.<\/p>\n<p><!--more--><\/p>\n<p>The San Francisco-based tech firm, founded by its chief executive, Julie Wainwright, argues it is making the \u00a31tn global luxury industry more sustainable by extending the life cycle of expensive handbags and shoes beyond a season. RealReal raised $300m (\u00a3235m) from investors by selling new shares in a flotation that initially valued the firm at $1.6bn.<\/p>\n<p>Read the full article on <a href=\"https:\/\/www.theguardian.com\/business\/2019\/jun\/28\/secondhand-fashion-site-therealreal-soars-wall-street-debut\" target=\"_blank\" rel=\"noopener noreferrer\">The Guardian<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2026 <a href=\"https:\/\/theindustry.beauty\/secondhand-fashion-site-therealreal-soars-on-wall-street-debut\/\">...<\/a><\/p>\n","protected":false},"author":46,"featured_media":134883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[6],"tags":[21,14846,14560,14845],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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