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‘We expect to see more corporate shakeups’: The RealReal CEO steps down as profitability remains elusive for resale
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As seen in Modern Retail
A turning point is brewing within digital resale. On June 7, The RealReal announced that founder CEO Julie Wainwright stepped down as CEO, effective immediately. Chief operating officer Rati Sahi Levesque and chief financial officer Robert Julian have taken over as co-interim CEOs
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Michael Prendergast, managing director at Alvarez & Marsal Consumer Retail Group, said that while luxury resale “continues to be an exciting space, it’s very hard to scale.”