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US TRW Ends $ 6 Million Round for Brand Apparel Resale

Photo: Renewal Workshop

America’s Renewal Workshop (TRW), a resale and renewal solutions company that supports apparel brands in the second-hand market, has completed a $ 6 million round of funding. Rounds include Rubio Ventures, Shift Invest, Quadia, Closed Loop Partners, Gratitude Railroad, Portland Seed Fund, Fashion for Good, DOEN, Mosiaco Management, Mistletoe and Volta Circle.

As second-hand retail is the fastest growing segment of the fashion industry, TRW’s unserviced brands are giving up their second sale of their products to markets such as ThredUp, TheRealReal and Vestiaire Collective. The North Face Renewed leveraged TRW’s technology, operations and fulfillment services to expand its US program to Germany in May 2021. Since then, Tommy Hilfiger’s Tommy for Life program has expanded to France, incorporating TRW’s technology to provide a user-centric resale experience. In a press release, TRW mentions multiple languages, currencies and countries.

“After a successful expansion into Europe, TRW is the leading full-service solution to support reacquisition, renewal, and recommerce on today’s apparel companies’ global platforms. Consider the rapidly changing landscape of consumer sentiment. And all brands need to have resale solutions to stay competitive, and TRW is an ideal partner in terms of both technology and execution, “says TRW’s directors, investors, and Closed now. Caroline Brown, Managing Director of. The loop partner said in a statement.

TRW also announced new executive leadership by hiring Sridhar Krishnan, formerly CFO of EBay in the Benelux region, as CFO. Shay Gipson was hired to lead business development. Gipson has a long history in the apparel industry as Director of Sales and Branding for Nordstrom, Ralph Lauren, and Projects and Magic Trade Shows.

Fiber2Fashion News Desk (GK)

America’s Renewal Workshop (TRW), a resale and renewal solutions company that supports apparel brands in the second-hand market, has completed a $ 6 million round of funding. Rounds include Rubio Ventures, Shift Invest, Quadia, Closed Loop Partners, Gratitude Railroad, Portland Seed Fund, Fashion for Good, DOEN, Mosiaco Management, Mistletoe and Volta Circle.



US TRW Ends $ 6 Million Round for Brand Apparel Resale

Source link US TRW Ends $ 6 Million Round for Brand Apparel Resale

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