The RealReal Appoints New CFO As Growth Continues
SAN FRANCISCO, April 23, 2013
SAN FRANCISCO, April 23, 2013 /PRNewswire/ -- The RealReal, the leader in
online luxury consignment, announced today the appointment of Matthew Gustke
to its leadership team. Matthew will serve as Chief Financial Officer
overseeing corporate finance, accounting, analytics and human resources.
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This hire comes as The RealReal continues its expansion. The company's
revenue has grown tenfold in the last year by offering a superior experience
for both customers and consignors. With over 750,000 members, The RealReal
receives over 1.5 million visits per month. Just this month, The RealReal
raised a series B funding round of $14 million to expand its lead in reselling
and authenticating luxury goods.
"Matthew's demonstrated experience is deeply relevant to The RealReal as we
strengthen the management team to match the phenomenal growth of our
business," said Julie Wainwright, Founder and CEO.
Gustke joins The RealReal from StubHub, an eBay company, where he was CFO and
head of strategy. While at StubHub, the company achieved record high customer
satisfaction and experienced accelerated growth for three consecutive years.
Prior to StubHub, he spent 9 years at eBay in a variety of roles including
investor relations, international finance and CFO for eBay SENE markets.
"It's a massive market opportunity that The RealReal has and the company is
emerging as a leader in the space as a result of focusing obsessively on its
customers," said Matthew Gustke, Chief Financial Officer. "I am excited to
join the great team here to continue developing our strategy and business
operations to take advantage of that opportunity and help change the way
people buy and sell luxury items."
Matthew holds a degree in Finance and Entrepreneurial Management from the
Wharton School at the University of Pennsylvania.
ABOUT THE REALREAL
The RealReal is changing the way people buy and sell luxury items. The leader
in luxury resale, the company is a full service retailer offering customers
authenticated, pre-owned, designer brands including Chanel, Hermes, Louis
Vuitton, Gucci and Cartier, all at up to 90% off original retail. The RealReal
takes possession of all items prior to sale in order for its merchandising
team, authentication specialists and skilled gemologists to evaluate each
item. The company also offers buyers merchandise returns, with an in-house
customer service team available to answer specific product questions.
Consignors in major US cities can schedule a free pick-up or use the company's
direct service through its iPhone consignment app or online form. Consignors
make up to 70% of the selling price.
SOURCE The RealReal
Contact: Lesley Langsam, Linda Gaunt Communications, 212-810-2894,
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