Bloomberg:

Clothing subscription service Rent the Runway gives up around 86% ownership to three lenders in exchange for $240M+ in debt relief and $20M in fresh financing  —  Rent the Runway Inc. will hand over a controlling stake in the company as part of a plan to cut debt and grow …

Bloomberg:

Clothing subscription service Rent the Runway gives up around 86% ownership to three lenders in exchange for $240M+ in debt relief and $20M in fresh financing  —  Rent the Runway Inc. will hand over a controlling stake in the company as part of a plan to cut debt and grow …

Source: TechMeme
Source Link: http://www.techmeme.com/250821/p33#a250821p33