While rental and resale are sometimes grouped collectively, the business models and business sentiment usually are not cohesive, and rental partnerships and pilots from luxurious fashion have been much less prominent. The greatest news of the year was the long-awaited IPO for Rent the Runway, which boasts more than 750 brand companions. Additionally, Kering invested in bag rental platform Cocoon, and Burberry launched rental and resale via My Wardrobe HQ. Rent the Runway is also promoting the option to buy its goods.
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