Sign in

REAL on Nasdaq

TheRealReal, Inc.

TheRealReal, Inc. is a world’s largest online marketplace for.1 It is headquartered in San Francisco, California.1

Price unavailable

Last updated Oct 21, 2026.

Overview

Compare with LIVE VENTURES Inc, EZCorp or SUBURBAN PROPANE PARTNERS LP, or pick any stock.

  • TickerREAL on Nasdaq1
  • IndustryRetail-Miscellaneous Retail1
  • HeadquartersSan Francisco, California1
  • Incorporated inDE2
  • Business address55 Francisco Street, Suite 400, San Francisco, Ca 941332
  • Filer categoryAccelerated filer2

See how the biggest companies compare on our leaderboards

The RealReal is the world’s largest online marketplace for authenticated, resale luxury goods. We are revolutionizing luxury resale by providing an end-to-end service that unlocks supply and creates a trusted, curated online marketplace for buyers globally. Since our inception, we have cultivated a loyal and engaged consignor and buyer base through continuous investment in our technology platform, logistics infrastructure, brand and people.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

74.6%Gross margin4
-3.5%Operating margin4
-6.0%Net margin4
15.4%Revenue growth, 20254
$18.4MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue25¢$176.0M
  • Selling, general and admin29¢$201.6M
  • Other costs45¢$314.9M
  • Income tax0¢$363.0K

Out of $692.8M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending50¢$18.6M
  • Kept or used elsewhere50¢$18.4M

Out of $37.0M of cash from operations.4

Financial statements

Revenue56784$692.8M in 2025+119% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $316.4M$316.4M20192020: $299.9M$299.9M2020−5%2021: $467.7M$467.7M2021+56%2022: $603.5M$603.5M2022+29%2023: $549.3M$549.3M2023−9%2024: $600.5M$600.5M2024+9%2025: $692.8M$692.8M2025+15%
Gross profit56784$516.8M in 2025+156% since 2019
0$200.0M$400.0M$600.0M2019: $201.5M$201.5M20192020: $187.6M$187.6M2020−7%2021: $273.5M$273.5M2021+46%2022: $348.7M$348.7M2022+28%2023: $376.3M$376.3M2023+8%2024: $447.5M$447.5M2024+19%2025: $516.8M$516.8M2025+15%
Operating income56784-$23.9M in 2025−76% since 2019
-$300.0M-$200.0M-$100.0M02019: -$100.1M-$100.1M20192020: -$172.8M-$172.8M2020+73%2021: -$214.9M-$214.9M2021+24%2022: -$189.2M-$189.2M2022−12%2023: -$166.3M-$166.3M2023−12%2024: -$56.5M-$56.5M2024−66%2025: -$23.9M-$23.9M2025−58%
Net income56784-$41.8M in 2025−58% since 2019
-$300.0M-$200.0M-$100.0M02019: -$98.4M-$98.4M20192020: -$175.8M-$175.8M2020+79%2021: -$236.1M-$236.1M2021+34%2022: -$196.4M-$196.4M2022−17%2023: -$168.5M-$168.5M2023−14%2024: -$134.2M-$134.2M2024−20%2025: -$41.8M-$41.8M2025−69%
Fiscal year2019202020212022202320242025
Revenue$316.4M5$299.9M6$467.7M7$603.5M8$549.3M4$600.5M4$692.8M4
Cost of revenue$114.8M5$112.4M6$194.2M7$254.8M8$173.0M4$153.0M4$176.0M4
Gross profit$201.5M5$187.6M6$273.5M7$348.7M8$376.3M4$447.5M4$516.8M4
Selling, general and admin$110.7M5$140.7M6$176.2M7$195.3M8$183.8M4$187.7M4$201.6M4
Operating expenses$488.4M7$537.9M8$542.6M4$504.0M4$540.8M4
Operating income-$100.1M5-$172.8M6-$214.9M7-$189.2M8-$166.3M4-$56.5M4-$23.9M4
Interest$616.0K5$5.3M6$21.5M7$10.5M7$10.7M7
Income before tax-$236.1M7-$196.3M8-$168.2M4-$133.9M4-$41.4M4
Income tax$199.0K5$101.0K6$56.0K7$172.0K8$283.0K4$276.0K4$363.0K4
Net income-$98.4M5-$175.8M6-$236.1M7-$196.4M8-$168.5M4-$134.2M4-$41.8M4
Earnings per share-$2.145-$2.016-$2.587-$2.058-$1.654-$1.244-$0.364
Earnings per share (diluted)-$2.145-$2.016-$2.587-$2.058-$1.654-$1.244-$0.704
Shares (weighted, basic)91.4M shares795.9M shares8101.8M shares4107.9M shares4114.9M shares4
Shares (weighted, diluted)91.4M shares795.9M shares8101.8M shares4107.9M shares4116.5M shares4

Compare TheRealReal, Inc. with another company

Corporate structure

TheRealReal, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of TheRealReal, Inc.

  • BlackRock Filed SCHEDULE 13G/A on TheRealReal, Inc., latest Jul 30, 2026 (7 filings since Feb 8, 2022)
  • FMR LLC Filed SCHEDULE 13G/A on TheRealReal, Inc., latest Jul 8, 2026 (4 filings since Feb 9, 2022)
  • Divisadero Street Capital Management, LP Filed SCHEDULE 13G on TheRealReal, Inc., latest Jun 30, 2026
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on TheRealReal, Inc., latest Mar 27, 2026 (5 filings since Feb 10, 2022)
  • Timothy M. Riley Filed SCHEDULE 13G/A on TheRealReal, Inc., latest Jan 16, 2026 (4 filings since Jun 8, 2023)
  • GreyLion Partners LP Filed SCHEDULE 13G/A on TheRealReal, Inc., latest Jan 13, 2026 (4 filings since Feb 14, 2022)
  • Woodson Capital Management, LP Filed SCHEDULE 13G/A on TheRealReal, Inc., latest Oct 10, 2025 (2 filings since May 29, 2025)
  • Philotimo Fund, LP Filed SCHEDULE 13D/A on TheRealReal, Inc., latest Jan 30, 2025 (3 filings since Nov 1, 2024)
  • Kanen Wealth Management LLC Filed SC 13G on TheRealReal, Inc., latest Sep 5, 2024
  • Wellington Management Company Filed SC 13G/A on TheRealReal, Inc., latest Feb 6, 2023 (2 filings since Feb 4, 2022)
  • Julie Wainwright Filed SC 13G/A on TheRealReal, Inc., latest Feb 14, 2022
  • TheRealReal, Inc. San Francisco, California

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What TheRealReal, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$205.3M4 Dec 31, 2025$190.3M4 Dec 31, 2024+7.9%
Accumulated depreciation$109.2M4 Dec 31, 2025$95.8M4 Dec 31, 2024+13.9%
Property and equipment, net$96.1M4 Dec 31, 2025$94.4M4 Dec 31, 2024+1.8%
Operating-lease assets (leased space)$64.6M4 Dec 31, 2025$75.7M4 Dec 31, 2024−14.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$151.2M4 Dec 31, 2025$172.2M4 Dec 31, 2024−12.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$30.8M4 Dec 31, 2025$23.6M4 Dec 31, 2024+30.8%

Properties, in its own words

Our corporate headquarters are located in San Francisco, California and are leased for a term that expires in 2037. We lease an aggregate of approximately 1.4 million square feet of space for storage, merchandising operations and fulfillment located in Arizona and New Jersey. The lease to our Arizona facility expires in 2031, and leases to our three New Jersey facilities each expire in 2029, all with a right of renewal. We lease additional offices located in Los Angeles and New York City, and we have leased several retail spaces and luxury consignment offices in other high traffic areas, including in New York City and Los Angeles.

Item 2 of the 10-K filed Feb 26, 2026.3

Leadership

Who has led TheRealReal, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Julie Wainwright2019–2022
  2. Levesque Rati Sahi2022–2023
  3. John E. Koryl2023–2024

Chair

  1. Julie Wainwright2019–2020

President

  1. Julie Wainwright2019–2020
  2. Levesque Rati Sahi2021–2024

Chief financial officer

  1. Matt Gustke2019–2021
  2. Robert K. Julian2021–2024
  3. Gopal Ajay Madan2024–now

Chief operating officer

  1. Levesque Rati Sahi2019–2023
20202025
Board members and other officers (17)

Timeline

  1. Oct 15, 20268-K Entered a material agreement; New debt or obligation; Regulation FD disclosure36
  2. Aug 6, 20268-K Results of operations37
  3. Jun 12, 20268-K Shareholder vote38
  4. May 7, 20268-K Results of operations39
  5. Mar 9, 20268-K Executive or director change; Regulation FD disclosure40
  6. Feb 26, 20268-K Results of operations41
  7. Nov 18, 20258-K Executive or director change42
  8. Nov 10, 20258-K Results of operations43
  9. Aug 21, 20258-K New debt or obligation; Unregistered sale of shares44
  10. Aug 7, 20258-K Results of operations45
  11. Jul 18, 20258-K Executive or director change46
  12. Jun 13, 20258-K Shareholder vote47
  13. Feb 8, 2023New chief executive John E. Koryl becomes CEO12
  14. Jul 26, 2022New chief executive Levesque Rati Sahi becomes CEO13
  15. Jun 27, 2019New chief executive Julie Wainwright becomes CEO14

Calendar

Coming up

  1. Oct 29, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported ($0.49) a share, on Nov 10, 2025.48

When it reported results

  1. Aug 6, 2026Reported quarterly or annual results37
  2. May 7, 2026Reported quarterly or annual results39
  3. Feb 26, 2026Reported quarterly or annual results41
  4. Nov 10, 2025Reported quarterly or annual results43
  5. Aug 7, 2025Reported quarterly or annual results45
  6. May 8, 2025Reported quarterly or annual results49
  7. Feb 20, 2025Reported quarterly or annual results50
  8. Feb 10, 2025Reported quarterly or annual results51

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

405 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 46 major events, 250 insider forms, 34 large holders, 55 other. The latest 20:

  1. Oct 15, 20268-K EDGAR
  2. Oct 1, 20264 EDGAR
  3. Oct 1, 20264 EDGAR
  4. Aug 24, 20264 EDGAR
  5. Aug 24, 20264 EDGAR
  6. Aug 24, 20264 EDGAR
  7. Aug 24, 20264 EDGAR
  8. Aug 24, 20264 EDGAR
  9. Aug 6, 202610-Q EDGAR
  10. Aug 6, 20268-K EDGAR
  11. Jul 30, 2026SCHEDULE 13G/A EDGAR
  12. Jul 29, 20264 EDGAR
  13. Jul 29, 20264 EDGAR
  14. Jul 29, 20264 EDGAR
  15. Jul 29, 20264 EDGAR
  16. Jul 29, 20264 EDGAR
  17. Jul 29, 20264 EDGAR
  18. Jul 8, 2026SCHEDULE 13G/A EDGAR
  19. Jul 1, 20264 EDGAR
  20. Jul 1, 20264 EDGAR

The 405 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

119 open-market trades by officers, directors and large owners since October 2021: 5 buys and 114 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 21, 2026Madan Gopal AjayChief Financial OfficerSale36,418$10.98$399.9KForm 4
Aug 21, 2026Lo Steve MingChief Accounting OfficerSale12,559$10.97$137.8KForm 4
Aug 21, 2026Sahi Levesque RatiChief Executive OfficerSale84,432$10.98$927.1KForm 4
Aug 21, 2026Friang Luke ThomasChief Product & Tech OfficerSale22,028$10.98$241.9KForm 4
Aug 21, 2026Suko Todd AChief Legal Officer and SecretSale17,567$10.97$192.8KForm 4
May 21, 2026Madan Gopal AjayChief Financial OfficerSale35,023$9.25$324.0KForm 4
May 21, 2026Lo Steve MingChief Accounting OfficerSale12,077$9.25$111.7KForm 4
May 21, 2026Sahi Levesque RatiChief Executive OfficerSale81,194$9.25$751.0KForm 4
May 21, 2026Friang Luke ThomasChief Product & Tech OfficerSale21,183$9.25$195.9KForm 4
May 21, 2026Suko Todd AChief Legal Officer and SecretSale17,353$9.25$160.5KForm 4
Mar 19, 2026Madan Gopal AjayChief Financial OfficerSale51,585$9.29$479.2KForm 4
Feb 23, 2026Madan Gopal AjayChief Financial OfficerSale31,381$10.72$336.4KForm 4
Feb 23, 2026Lo Steve MingChief Accounting OfficerSale16,962$10.72$181.8KForm 4
Feb 23, 2026Sahi Levesque RatiChief Executive OfficerSale121,399$10.72$1.3MForm 4
Feb 23, 2026Friang Luke ThomasChief Product & Tech OfficerSale19,609$10.72$210.2KForm 4
Feb 23, 2026Suko Todd AChief Legal Officer and SecretSale45,947$10.72$492.6KForm 4
Dec 9, 2025Lo Steve MingChief Accounting OfficerSale43,926$14.45$634.7KForm 4
Dec 8, 2025Lo Steve MingChief Accounting OfficerSale17,874$14.19$253.7KForm 4
Dec 5, 2025Lo Steve MingChief Accounting OfficerSale555$14.45$8.0KForm 4
Nov 26, 2025Madan Gopal AjayChief Financial OfficerSale28,520$14.73$420.1KForm 4

All 119 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Ajay GopalChief Financial Officer51$524.3K$3.5M63
2025Chatelle LynchChief People Officer$309.9K$2.7M63
2025Todd SukoChief Legal Officer and Secretary59$474.3K$2.6M63
2025Rati Sahi LevesquePresident and Chief Executive Officer45$700.0K$2.1M63
2025Luke FriangChief Technology and Product Officer55$439.7K$1.7M63
2024Rati Sahi LevesquePresident and Chief Executive Officer45$540.4K$11.5M63
2024Ajay GopalChief Financial Officer51$384.6K$4.4M63
2024Chatelle LynchChief People Officer$448.3K$3.2M63
2024Todd SukoChief Legal Officer and Secretary59$450.0K$2.2M63
2024Luke FriangChief Technology and Product Officer55$424.6K$2.1M63
2023Rati Sahi LevesquePresident and Chief Executive Officer45$461.5K$2.0M63
2023Luke FriangChief Technology and Product Officer55$391.1K$1.5M63
2023Todd SukoChief Legal Officer and Secretary59$392.9K$1.1M63

SEC filer profile

How TheRealReal, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTheRealReal, Inc.1
  • CIK0001573221
  • Employer ID (EIN)45-12342223
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Industry code (SIC)5900 Retail-Miscellaneous Retail1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address55 Francisco Street, Suite 400, San Francisco, CA 941331
  • Phone800-215-05661
  • Shares outstanding121,671,115 as of Jul 31, 202610
  • Public float$502.8M as of Jun 30, 20253
  • AuditorKPMG LLP, San Francisco, CA PCAOB ID 185; it also attests to the company’s internal control over financial reporting3
  • On EDGAR sinceApr 17, 20131
  • Filings692 in all: 4 (401), 8-K (77), 144 (33), 3 (28), 10-Q (22), SC 13G/A (22), SC 13G (16), DEFA14A (9)1
    All 35 form types

    4/A (8), S-8 (8), 10-K (7), DEF 14A (7), CORRESP (6), D (6), SCHEDULE 13G/A (6), SCHEDULE 13G (4), 8-K/A (3), PRE 14A (3), S-1/A (3), UPLOAD (3), 5 (2), DRS/A (2), DRSLTR (2), SCHEDULE 13D/A (2), SEC STAFF LETTER (2), 144/A (1), 3/A (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), EFFECT (1), S-1 (1), S-3ASR (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Apr 27, 2026
    Latest 8-K (8-K) Oct 15, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, $0.00001 par valueREALThe Nasdaq Global Select Market

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks TheRealReal, Inc. names in Item 1A of its 10-K filed Feb 26, 2026: 56 risks under these headings, as written.3

  • Risks Relating to Our Business and Industry
  • Risks Relating to Our Strategy
  • Risks Relating to Supply
  • Risks Relating to Demand
  • Risks Related to Marketing and Brand Management
  • Risks Related to Our Merchandising and Fulfillment
  • Risks Related to Data Security, Privacy and Fraud
  • Risks Related to Our Leadership and Employees
  • Risks Related to Our Intellectual Property
  • Risks Relating to Litigation and Regulatory Uncertainty
  • Risks Related to Ownership of Our Common Stock
  • Risks Related to Our Outstanding Notes and Warrants
The other 56 risks
  • We have a history of losses and we may not achieve or maintain profitability in the future.
  • We may not be able to return to historic levels of revenue growth rate or effectively manage growth or new opportunities.
  • We may not accurately forecast revenue and appropriately plan our expenses.
  • We have experienced seasonal and quarterly variations in our revenue and operating results.
  • Greater than expected product returns may exceed our reserve for returns.
  • We may require additional capital to support business growth. If such capital is not available to us, our business operating results and financial condition may be harmed.
  • Public health emergencies or outbreaks of epidemics, pandemics, or contagious diseases have adversely affected, and could in the future, adversely affect our business and the business of our consignors and buyers.
  • The failure of any bank in which we deposit our funds could reduce the amount of cash we have available to pay distributions and make additional investments.
  • We may be unable to execute on our retail growth strategy.
  • Our growth strategies may not be successfully implemented, help us achieve profitability or generate
  • sustainable revenue and profit.
  • Expansion of our operations internationally will require significant management attention and resources.
  • We may not be able to obtain sufficient new and recurring supply of pre-owned luxury goods.
  • We may be unable to attract and retain talented sales professionals.
  • Our growth and supply of product offerings are enhanced by our ability to maintain our brand partnerships.
  • We rely on consumer discretionary spending, which is adversely affected by economic downturns, including economic recession or depression, and other macroeconomic conditions or trends.
  • Our continued growth depends on attracting new and retaining repeat buyers.
  • National retailers and brands set their own retail prices and promotional discounts on new luxury goods, which could adversely affect our value proposition to consignors and buyers.
  • We must successfully gauge and respond to changing preferences among our consignors and buyers.
  • We may be unable to replicate our business model for newer categories of consigned goods or different product mixes of consigned goods.
  • Our industry is highly competitive and we may not be able to compete effectively.
  • Risks Relating to Marketing and Brand Management
  • Our success depends on the accuracy and reliability of our authentication processes and methods.
  • We may not succeed in promoting and sustaining our brand.
  • Our marketing and advertising activity may fail to efficiently drive growth in consignors and buyers.
  • We rely on third parties to drive traffic to our website.
  • Use of social media, emails and text messages may adversely impact our reputation or subject us to fines.
  • The public disclosure of our Environmental, Social and Governance (“ESG”) metrics and goals may subject us to risks.
  • We may not be able to attract, train and retain specialized personnel and skilled employees.
  • We may be unable to successfully leverage technology, including artificial intelligence and machine learning, to automate and drive efficiencies in our operations.
  • We may not be able to identify and lease authentication centers in suitable geographic regions.
  • We may experience damage or destruction to our authentication centers or retail stores in which we store the majority of the consigned luxury goods we offer through our online marketplace.
  • Shipping is a critical part of our business and any changes in our shipping arrangements, costs, interruptions in shipping or damage to products in transit could adversely affect our operating results.
  • We rely on third parties to host our website and mobile app and to process payments.
  • Failure of our data or cyber security could cause us to incur unexpected expenses or compromise our data assets.
  • We may incur significant losses from fraud.
  • Risks Relating to Our Employees
  • We may be unable to attract and retain key personnel or effectively manage leadership succession.
  • Labor-related matters, including labor disputes, may adversely affect our operations.
  • Risks Relating to Our Intellectual Property
  • If we cannot successfully protect our intellectual property, our business could suffer.
  • We are currently, and may be in the future, party to lawsuits and other claims.
  • Our use and other processing of personal information and other data is subject to laws and obligations relating to privacy and data protection.
  • If the use of “cookie” tracking technologies is further restricted, regulated, or blocked, or if changes in technology cause cookies to become less reliable or acceptable as a means of tracking consumer behavior, the amount or accuracy of internet user information we collect would decrease, which could harm our business and operating results.
  • We pay or collect sales taxes in all jurisdictions which require such taxes.
  • Failure to comply with applicable laws or regulations may subject us to fines, penalties, loss of licensure, registration, facility closures or other governmental enforcement action.
  • Application of existing tax laws, rules or regulations are subject to interpretation by taxing authorities.
  • Our ability to use our net operating loss carryforwards and certain other tax attributes may be limited.
  • If our internal control over financial reporting or our disclosure controls and procedures are not effective, we may not be able to accurately report our financial results, prevent fraud or file our periodic reports in a timely manner, which may cause investors to lose confidence in our reported financial information.
  • Risks Relating to Ownership of Our Common Stock
  • The market price of our common stock may be volatile or may decline steeply or suddenly regardless of our operating performance and we may not be able to meet investor or analyst expectations.
  • Short sellers of our stock may be manipulative and may drive down the market price of our common stock.
  • Delaware law and provisions in our certificate of incorporation and bylaws could make a merger, tender offer or proxy contest difficult, thereby depressing the trading price of our common stock.
  • Our certificate of incorporation designates the Court of Chancery of the State of Delaware located within the State of Delaware as the exclusive forum for substantially all disputes between us and our stockholders.
  • We have incurred a significant amount of debt and may incur additional indebtedness in the future.
  • The indentures governing our Notes contain restrictions and other provisions regarding events of default that may make it more difficult to execute our strategy or to effectively compete, or that could materially affect our financial position.
  • Transactions relating to our Convertible Senior Notes or the Warrants may dilute the ownership interest of our stockholders.
  • The conversion of the Convertible Senior Notes or the cash conversion of the Warrants, if triggered, may adversely affect our financial condition and operating results.
  • The accounting method for the Warrants materially affects our reported financial results.
  • The capped call transactions may affect the value of the Convertible Senior Notes and our common stock.

Legal proceedings

From time to time, the Company is subject to, and is presently involved in, litigation and other legal proceedings and from time to time, the Company receives inquiries from government agencies. Accounting for contingencies requires the Company to use judgment related to both the likelihood of a loss and the estimate of the amount or range of loss. The Company records a loss contingency when it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. The Company discloses material contingencies when a loss is not probable but reasonably possible.

On November 14, 2018, Chanel, Inc. sued the Company in the U.S. District Court for the Southern District of New York. The Complaint alleged federal and state law claims of trademark infringement, unfair competition, and false advertising. On February 1, 2019, Chanel, Inc. filed its First Amended Complaint that included substantially similar claims against the Company. On March 4, 2019, the Company filed a Motion to Dismiss the First Amended Complaint, which was granted in part and dismissed in part on March 30, 2020. The surviving claims against the Company include trademark infringement under 15 U.S.C. § 1114, false advertising under 15 U.S.C. § 1125, and unfair competition under New York common law. On May 29, 2020, the Company filed its Answer to the Amended Complaint. On November 3, 2020, the

The opening of Item 3, Legal Proceedings.3

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63