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Hirestreet collaborates with ASOS on new subscription rental service

Oct 30, 2024•over 1 year ago

Contract Type

partnership

Newcastle Upon TyneE CommerceFashion

Description

Hirestreet has unveiled a new collaboration with fashion giant ASOS, marking their second partnership. The companies have launched a subscription rental service, offering Hirestreet subscribers the ability to rent five items a month from over 20,000 ASOS items.

Company Information

Company

Hirestreet

Location

Newcastle Upon Tyne, England, United Kingdom

About

Hirestreet is an online fashion rental business based in Newcastle city center. It was established in 2018 by Isabella West with a mission to disrupt the fast fashion industry by offering a sustainable rental service for outfits.

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Strategic

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months