The RealReal Opens A 12,000 Square Feet Store On Melrose Avenue

The RealReal online start-up was launched in 2011, and in 2018, looking to grow its physical reach, opened a new store in Los Angeles, on Melrose Avenue. The luxury consignment shop already has a store in New York, in the SoHo neighborhood, and according to the CEO and Founder of The RealReal, Julie Wainwright, the recent Series G financing round that raised $115 million will enable the company to open more stores.

The RealReal’s expansion comes at a time when luxury brands are seen as top performers in the industry, having the most sought-after businesses. Wainwright noted that the plan behind The RealReal was to change people’s perception about what a consignment store looks like. She went on to mention that some of her smartest and richest acquaintances buy from consignment, because they appreciate good value, but they never talk about it.

While their store in SoHo is relatively small, the new store on Melrose Avenue is an impressive 12,000 square feet. It will feature a portion of 5,500 square feet dedicate to men, and 1,500 square feet will be used to display handbags. The store is close to Glossier, Away, Nordstrom Local, and other e-tailers that are taking spaces that previously belonged to bankrupt brands such as RadioShack and Toys R Us.

In addition, the store will also provide a number of services. On site there will be authentication specialists that are available to offer free handbag and fine jewelry valuations, people will be able to take certain items to be repaired there, and there will also be a service that offers shoppers the chance to drop any items they want to sell.

The founder of The RealReal mentioned that the company is negotiating in a number of markets at the moment, in order to open additional stores, but they are looking for spaces that are big enough and have the right amount of character. The whole apparel resale market (both online and offline) was valued at $18 billion in 2016 and is expected to grow in 2021 to $33 billion, according to a study by Coresight Research. The managing director at Coreshight noted that companies such as The RealReal could pose a threat to its competitors.

Learn More About: DAMAC Owner Hussain Sajwani

Hussain Sajwani is the DAMAC Owner. He is the founder and the chairman of DAMAC Properties. Hussain decided to share out how he was about to lose everything during the 2008 property crash as well as how managed to rebuild his prolific Dubai real estate empire. Hussain Sajwani also offered a brand new idea into DAMAC’s tremendous success. This achievement is specifically striking given that the property development company almost came to an end in 2008. In the previous years, Hussain Sijwani was ignorant about the difficult times of DAMAC Property. Due to this reason, the new interview was conducted with considerable interest from the staunch followers of the Dubai real estate affairs.

According to Forbes, Hussain Sajwani, DAMAC Property owner is featured in position four in the list of the 2018 richest Arabs in the world. This was a great achievement since he was position ten in 2017. He has a net worth of more than 4 billion US Dollars. DAMAC Property stands as the fourth biggest Arab world public company. It’s quite clear that Hussain Sajwani had an extraordinary career. This view has some truth value in it because he was brought up ordinarily.

In his website, it says that Hussain Sajwani used to spend his afternoons in a small shop when he was a little boy. This was his father’s, Ali Sajwani shop that was based in Deira. Deira is renowned as a historical commercial center in Dubai. Hussain took after his father business skills, and he used to tell the Arabian Business that its commercial way of thinking that stuck with his father, Ali. He was very conversant with his customer base and would keep on changing interest and preferences when it comes to the goods that he would import. Hussain affirms that this stands as one of his major success since he can quickly adapt to the market changes. He implemented the skills and knowledge that he got from his father and launched his prolific empire when he was still a young man. He was able to develop a successful catering firm two years after his graduation from the University of Washington.

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Felipe Montoro Jens Recaps the Special Meeting of the Governors of IDB

The special meeting of the Governors of the Inter-American Development Bank (IDB) met on March 24th in Mendoza, Argentina. Dyogo Oliveira, the Minister of Planning, Development and Management, made a defense for the increase of private investments made in infrastructure projects in Brazil. According to Infrastructure Projects expert Felipe Montoro Jens, Oliveira said that it is important to create financial guarantee mechanisms that can leverage private investments in Latin America’s infrastructure projects.

Luis Caputo, the Bank Boards of Governors chairman and Argentina’s finance minister, agreed with Oliveira, and Garrido, the Secretary of State for Spain’s Economy and Business Support, said that Brazil is the primary country for Spanish investment. Oliveira also believes that investment in more modern infrastructure is necessary to promote the Industry 4.0 revolution. Find out more at to learn more.

Felipe Montoro Jens also reported that Luis Alberto Moreno, the president of the Inter-American Development Bank, the IDB has been able to adapt to the new social demands, which has resulted in the reinforcement of policies of gender equality and the sustainability of the environment in the implementation of the projects. Oliveira also stated that Brazil made numerous Public-Private Partnerships (PPPs), which he believes in in alignment with the greatest practices of the region’s countries as well as with the IDB’s guidelines and actions.

The Ministry of Planning, Development and Management stated that PPPs have increased in the Caribbean and Latin America. The value of the nearly 1,000 infrastructure PPP projects was valued at $360 billion over the course of the past 10 years. However, they also state that there are several projects that have been unsuccessful in mobilizing private capital. Last year, IDB loans to Brazil came to a total of about $12.9 billion, which is 20 percent more than it was in 2016, according to Felipe Montoro Jens.

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