Le Closet

Le Closet is an online clothing rental platform founded in 2014 by Ralph Mansour and Quentin Hayot. The company operates on a subscription-based business model, allowing users to rent clothing and accessories for a monthly fee. This model is positioned as an environmentally friendly alternative to fast fashion, promoting a circular economy.

Subscribers can select a set number of items from a collection of over 10,000 pieces from more than 100 brands. The service includes delivery, returns, and cleaning, offering unlimited box swaps per month. Customers also have the option to purchase items they like at a discounted price. The target market consists mainly of working women in urban areas, typically between 25 and 40 years old.

Originally launched in France, Le Closet has expanded its operations to Germany. The company has demonstrated significant growth, reporting an estimated annual revenue of $11.7M. In 2023, Le Closet acquired Le Grand Dressing, a move that doubled its warehouse space to 3,700 square meters to support its European expansion goals.

Keywords: clothing rental, subscription service, circular fashion, e-commerce, fashion-as-a-service, apparel rental, sustainable fashion, online platform, womenswear, accessory rental