Luxe Beat Magazine DECEMBER 2014 | Page 117

great selections, some of your goto dress designers, such as Nicole Miller, Badgley Mischka, Calvin Klein Collection, Vera Wang and Herve Leger; then some really cutting edge designers like Roksanda Ilincic, Bibhu Mohapatra and Prabal Gurung. It’s great because you can go with something you would never buy for yourself, especially with actual retail prices of the gowns in the $2-3K range. Rent the Runway Facts • Rent the Runway was founded in 2009 by Harvard Business School classmates Jennifer Hyman (CEO) and Jennifer Fleiss (Head of Business Development). • The brand has quickly grown to over 5 million members and over 270 designer brands since launching in November 2009. • Rent the Runway is funded by Kleiner Perkins, Bain Capital Ventures, Highland Capital, American Express, Advance Publications (Condé Nast) and Novel TMT ventures. The company has raised approximately $54 million to date in VC funding. • Today, Rent the Runway employs over 300 people, and houses an inventory of over 65,000 designer dresses and 15,000 accessories in a 40,000 square foot warehouse in New Jersey. • Rent the Runway currently has 3 showrooms, 2 in New York City and one location in The Cosmopolitan of Las Vegas. About Rent the Runway Rent the Runway is a fashion company with a technology soul. Powered by a transformative business model, proprietary technology, a unique reverselogistics operation and some of the smartest people on earth, and thus in a position to challenge old systems and rewrite new rules. By giving people access to remarkable luxury experiences, it is changing the meaning of ownership — and revolutionizing retail in the process. Holiday Online Order Deadlines If you live in Manhattan: 12/24 for Christmas Eve and 12/31 for New Year’s Eve (they do same-day delivery within Manhattan). Anywhere else: 12/23 for Christmas Eve and 12/30 for New Year’s Eve (overnight shipping within the US). Lady in Waiting Gown by Nicole Miller To learn more about Rent the Runway, go to www.renttherunway.com. 117