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Rent the Runway sales lift on increased active subscribers

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December 16, 2025

Rent the Runway announced on Monday sales for the third quarter rose 15.4% to $87.6 million, with the U.S. rental platform clocking growth across its subscriber base.

Rent the Runway

The New York-based firm said ending active subscribers grew 12.4%  to 148,916 during the three months, and average active subscribers totalled 147,645, up 12.9% on the prior-year period.

Meanwhile, total subscriber numbers lifted 6.1% to 185,166 during the quarter ending October 31.

In line with strong sales growth, the company reported a net income of $76.5 million, as compared to a loss of $18.9 million in the third quarter last year.

“This year we’ve repositioned ourselves for sustained growth in the category,” said Jennifer Hyman, co-founder and CEO of Rent the Runway.

“Not only did we execute operationally on our stated goals to return to our customer-obsessed origins, reinvigorate our brand, and drive double-digit growth in subscribers; but we also restructured our balance sheet, closing the recapitalization transactions in October that offer improved financial flexibility to better position us for continued growth.”

Earlier this year, Rent the Runway said it will hand over a controlling stake in the company as part of a plan to cut debt and grow.

The deal, with lender Aranda Principal Strategies and other partners, will wipe more than $240 million of debt from Rent the Runway’s balance sheet, according to an emailed statement released in August.

Looking ahead, Rent the Runway said it forecasts revenue of between $323.1 million and $325.1 million for the full-year.
 

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Kering and Ardian finalise New York property deal

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December 16, 2025

Gucci owner Kering and private equity firm Ardian said on Tuesday they had completed a joint venture agreement for a New York property deal valued at $900 million.

Kering’s brands include Saint Laurent, Gucci, and Balenciaga – Reuters

Under the deal ⁠concluded earlier this year, Kering is contributing the property at 715-717 ⁠Fifth Avenue in New York to a newly created joint venture with Ardian, the companies said ‍in a joint ‌statement. Ardian will hold a 60% stake in ⁠this, with ‌Kering retaining 40% and receiving $690 million in ‌net proceeds.

The transaction is part of Kering’s broader strategy to secure control of high-profile retail locations while also raising cash. In January, ‍Kering said it had transferred three of its Paris real estate assets to a new joint venture ‌with ⁠Ardian, ​freeing up 837 million euros ⁠in proceeds.

“Like ​the investment agreement already signed in Paris, this transaction allows us to secure another ​long term highly prominent retail location for our houses while enhancing our financial ⁠flexibility,” said Kering ⁠chief operating officer Jean-Marc Duplaix, commenting on the New York Ardian deal. 

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Dior to open Selfridges pop-up next month

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December 16, 2025

London’s Selfridges continues to be the pop-up destination of choice in London’s West End (Harrods has that status in Knightsbridge) and one of the world’s best known labels will be there as of January.

Dior

Dior, which already has a strong presence in the London flagship will be unveiling its first pop-up boutique for its new summer 2026 creations inside the in-demand Corner Shop.

That’s important because it will celebrate the launch of Jonathan Anderson’s first collection.

Running from 8 January to 28 February, the unique space will “reveal a playful world like a waking dream”. The company said the summer 2026 menswear collection “breathes a certain spontaneity into the art of dressing, while the womenswear line radiates freshness, with leather goods presented alongside exquisite creations. An exceptional selection that expresses the reinvented essence of Dior”.

Dior is currently inviting customers to book appointments and said it will “extend the experience through a curated selection of exclusive events at the pop-up boutique”. 

That includes notebook personalisation with “a nod to Versailles-style gilding, personalised detailing applied by an expert [that] promises to add a truly signature touch”. And there’s also bookmark calligraphy where visitors can add their initials to a bookmark, inspired by the newest Dior Book Tote designs by Anderson.

The news of the pop-up comes in the same week that Dior unveiled its super-sized flagship concept House of Dior Beijing. That five-storey space dwarfs the Selfridges space but underscores the ambitious plans LVMH has for the brand, the huge investment Dior is putting into its global growth and its targeting of key luxury markets.

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Lewis Hamilton and new Lululemon interim co-CEO mark special Edit launch in Regent St store

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December 15, 2025

Lululemon was making headlines last week as its CEO exited but it had more upbeat news on Sunday as Lewis Hamilton made a personal appearance at the Regent Street, London, flagship store to to celebrate the launch of The Lewis Hamilton Edit, a curated 36-piece capsule personally selected by the champion racing driver.

André Maestrini and Lewis Hamilton – Lululemon

Importantly too, joining Hamilton in-store for photos was Lululemon’s new interim co-CEO, André Maestrini, marking his first public appearance in the role and highlighting the company’s focus on innovation, as well as stressing that there’s no vacuum at the top of the company’s leadership tree.

Hamilton became a Lululemon ambassador earlier this year and made an unannounced appearance in the store.

Available exclusively at the Regent Street location and on the brand’s UK webstore, the Edit brings together Hamilton’s favourite menswear and womenswear pieces from the brand’s Winter 2025 collection — “each style chosen for its high performance and elevated aesthetic, all filtered through the distinctive personal style he’s renowned for”.

The appearance may have been unannounced but there were plenty of fans gathered outside to see him in a full look from the Edit as he greeted the crowd, signed autographs, and posed for photos. 

The first 100 people in the queue also received Lululemon products signed by Hamilton and he was also helping staff style looks and wrap gifts behind the tills.

Such appearances are hugely important for stores at this time of year as they compete to attract customers. 

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