News Formal

Rent the Runway CEO started her company as a Harvard graduate student—now it's worth $120 million

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Jennifer Hyman thought up Rent the Runway while standing in her sister’s closet. She grew the company, partnering with Diane von Furstenberg, with one simple strategy.

co-founder and CEO Jennifer Hyman came up with the idea for her clothing rental company, fittingly, in a closet.

"Whenever you walk into a store and buy something, knowing that you're going to wear it once, twice, three times, then push it to the back of your closet, you're renting it," Hyman said at the Stanford event. "We're already primed to rent clothes [from fast fashion]. [That] gave me confidence that the market already exists."garnered accolades

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Harvard Business Review - The LatestFind new ideas and classic advice on strategy, innovation and leadership, for global leaders from the world's best business and management experts.
Source: HarvardBiz - 🏆 310. / 63 Read more »