The RealReal Appoints Nicolas Genest As Chief Technology Officer

SAN FRANCISCO, May 21, 2013 /PRNewswire/ -- The RealReal, the leader in online luxury consignment, announced today the appointment of Nicolas Genest to its leadership team as Chief Technology Officer.  Nicolas will be responsible for The RealReal's technology infrastructure and product development.

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"I believe, with the recently raised Series B funding and the hiring of Nicolas, The RealReal will be positioned as an innovator through the personalization of the luxury shopping experience," said Julie Wainwright, Founder and CEO of The RealReal.  "The knowledge Nicolas brings to The RealReal will further enhance the user experience across all channels, taking shopping and consigning online to a new level."

Nicolas joins The RealReal from vente-privee.com where he was Chief Technology Officer overseeing operations, products and technology for the new US division.  While at vente-privee.com, Nicolas led the technology department in France from 2007 to 2012 as it grew from $170M to $1B in revenue. Vente-privee is widely known as the ecommerce company, which pioneered the model of online flash sales.  

"An opportunity to work with a company such as The RealReal is rare," said Nicolas Genest, Chief Technology Officer.  "The RealReal has reached major milestones in a relatively short period of time becoming the ultimate luxury resale marketplace.  I am eager to utilize and apply my knowledge and expertise to power the company forward in creating a highly personalized online shopping experience."

Nicolas holds degrees in Information Technology Management as well as Business Administration and Public Administration.

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

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