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Faux Woes: The RealReal Lawsuit Reveals ‘Shortcuts’ and ‘Smoke and Mirrors’

Join Cotton Incorporated, Lectra, Accelerating Circularity, Public Habit and more on July 15 for Sourcing Journal's virtual Sustainability FAQs workshop to pull back the curtain on the circularity, traceability, net zero and inventory reduction concepts that could transform your business.

The RealReal’s shareholders are taking the company to task following widespread reports that the luxury resale platform’s core value proposition—genuine, authenticated premium items—was too good to be true. Plaintiff and shareholder Michael Sanders filed an amendment to a class action lawsuit in Northern California’s U.S. District Court on Friday, following an original complaint that the…

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