“Chief Executive Julie Wainwright wrote that the second-hand luxury marketplace ‘strives for perfection, but may not be perfect every single time.’ […] Earlier this week, CNBC published an investigation about the fashion company, revealing that the platform’s listings include a fake Prada dress and a mislabeled Loro Piana scarf. On Forbes.com, a shopper recently recounted how he spent $3,600 on a Dior bag that was later proven to be a fake.”Business of Fashion
November 7, 2019
“There is so much inventory coming into The Real, that ‘there is no way everything can be authenticated.’”
Click on Read More (below) for full text (no paywall).
Reputation risk emerges from the gap between expectations and reality.
For a broader view of reputation risk, discover additional articles by Steel City Re here, mentions of Steel City Re here, and comments on newsworthy topics by Steel City Re here.
Risk governance and management, risk financing in insurance captives, and risk transfer through reputation insurances comprise the constituent elements of a comprehensive enterprise reputation risk solution.
What’s your strategy?