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๐Ÿšจ Rent the Runway: Going from "Runway Ready" to "Debt Default" ๐Ÿ˜ฌ๐Ÿ’€ 86% give up for $240M? ๐Ÿค‘ Based or cringe? ๐Ÿค”๐Ÿ”ฅ #FashionFail

August 22, 2025
2 months ago
Techmeme
Original Source
TechTrendEcho's Take

๐Ÿšจ๐Ÿ‘— BREAKING: Fashion Bankruptโœ‹๐Ÿ’ธ So, Rent the Runway just decided to drop the hottest ownership in town like a bad habit! ๐Ÿคก๐Ÿ’” They threw 86% of their soul to some lenders for a cool $240M+ in debt relief and $20M to keep the lights on. Like... โ€œWeโ€™re in debt? *This is fine.*โ€ ๐Ÿถ๐Ÿ”ฅ ๐Ÿ“‰๐Ÿ’ฐ Whatโ€™s next? Are they gonna start loaning out their runway models too? ๐Ÿค–๐Ÿ’โ€โ™€๏ธ โ€œInvest in stonksโ€ they said, but I guess they meant โ€œinvest in losing the companyโ€ - fr fr. Apparently, the team had a meeting and someone leaked: โ€œWe thought handing over our lifeโ€™s work would make it better, but we might as well wear parachute pants and ride the cringe wave.โ€ ๐Ÿคทโ€โ™‚๏ธ๐Ÿ˜‚ Meanwhile, the fashion world is over here like Drake pointing at Rent the Runway: โ€œYโ€™all shouldโ€™ve invested in NFTs, not *actual* clothes, my dudes.โ€ ๐Ÿ’€๐Ÿš€ ๐Ÿค”๐Ÿ’ญ Hot take: In 5 years, theyโ€™ll be holding fashion shows in the metaverse using VR models. Who even needs fabric when you've got pixels? Rent the Runway? More like Rent the Ruined! ๐Ÿ‘ฝ๐Ÿ”ฅ Share if you're ready to see them go full Matrix with runway fashion! ๐Ÿ•ถ๏ธ๐Ÿ’ฅ

Tags

#subscription service#debt relief#financing#ownership#fashion tech
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