Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

The Restory Faces Uncertain Future as Co-Founders Resign

This reported liquidation comes after The Restory brought on two strategic investors in August 2022.
A pair of hands sanding down the soles of red Manolo Blahnik flats.
The Restory repair service (The Restory)

Co-founders Vanessa Jacobs, Thaís Cipolletta Ferreira Alves and Emily Rea announced their departure from the luxury repairs and aftercare start-up, in a joint statement shared on their respective LinkedIn profiles on Friday.

“Unfortunately, there have been recent changes that have led to us making the heart-wrenching decision to step away from the company in the last couple of weeks,” the statement said.

Jacobs also said in her LinkedIn post that The Restory had been put into “proposed” liquidation, with all staff members terminated effective immediately.

This reported liquidation comes after The Restory brought on two strategic investors in August 2022: the UK arm of US repairs company The Cobblers, and Versailles Properties, an LLC based in Florida, which according to the UK’s Companies House register each hold between 25 and 50 percent shares in the company. Prior to this investment, The Restory had raised a total of £4.2 million ($5.1 million) in funding.

ADVERTISEMENT

The Cobblers did not immediately respond to BoF’s request for comment and Versailles Properties LLC could not be reached for comment. Selfridges and Farfetch, two of The Restory’s active retail partners, did not immediately respond to BoF’s questions about the future of their partnerships with the company.

Learn more:

Demand For Sustainable Fashion Drives New Interest In Clothing Care

Brands, retailers and start-ups are looking at ways to give laundry products and repair services a fashionable makeover.

In This Article

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.

Marine Serre: From Radical to Pragmatist

Serre, who grew sales by 20 percent in 2023, has been named Pitti Uomo’s next guest designer. She’s using the opportunity to show her men’s collection for the first time.


view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
BoF Professional - How to Turn Data Into Meaningful Customer Connections
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
BoF Professional - How to Turn Data Into Meaningful Customer Connections