Two Manhattan-based online businesses will soon be Brooklyn-bound to open new headquarters and warehouses in Industry City. Material Wrld, which bills itself as a designer goods trade-in service, and The Line, a fashion and home decor company, have secured five-year leases for warehouse space, as well as offices, in the sprawling waterfront facility in Sunset Park.
Started three and a half years ago by Harvard Business School grads Rie Yano and Jie Zheng, Material Wrld has outgrown the 4,000-square-foot location at 838 Broadway that has been its base for the past 18 months. The company currently accepts 150 clothing brands and 30 labels for shoes and accessories. Unlike consignment shops or thrift stores, which typically pay donors once their items are sold, Material Wrld reimburses consumers with monetary gift cards for select retail partners, provided their designer trade-ins meet the criteria. The pair, whose aim to alleviate the hassle of cleaning out closets, have secured $ 4 million in venture capital funding, Yano said Tuesday.
Each of the founders offers an interesting take on e-commerce and fashion. Yano wrote her graduate thesis about how postwar underground Tokyo flea market was revived by in part by bars, restaurants and old shops. After earning her MBA
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