There is a very detailed article on TheRealReal's business on theinformation.com. I can't link it here because all links are personalized, but it should be accessible via a preview or trial.
Basically, the company is in huge financial trouble and one of the reasons Wainwright stepped down was battles with the CFO (whom she fired) and refusal to adopt cost-cutting measures (which we might appreciate, as the measures requested were things like cutting consignment payouts).
It sounds as though their only path to survival is either cutting more costs in terms of staff (which will mean more mess and more lost items), or acquisition by a larger company.
I would not consign something very high value at this point....what happens if TRR goes under with your Birkin?
Basically, the company is in huge financial trouble and one of the reasons Wainwright stepped down was battles with the CFO (whom she fired) and refusal to adopt cost-cutting measures (which we might appreciate, as the measures requested were things like cutting consignment payouts).
It sounds as though their only path to survival is either cutting more costs in terms of staff (which will mean more mess and more lost items), or acquisition by a larger company.
I would not consign something very high value at this point....what happens if TRR goes under with your Birkin?