Online Clothes Rental Platform Style Theory Shuts Down; No Refunds Given to Subscribers

Online clothes rental platform Style Theory shuts down; no refunds given to subscribers

Rising operations costs and withdrawal of key investors are among reasons cited for the closure. Read more at straitstimes.com.

Designer clothing rental firm Style Theory shutters after 9 years; no refunds for subscribers

Style Theory rented out designer clothes for a flat fee of S$89 a month Style Theory, a Singapore-based clothes rental platform, has shut down, citing rising operating costs and the withdrawal of “key” investors. The company terminated all its services, including membership, support, rental, and delivery within Singapore as of Sept 30, following the closure of its Indonesia business in June. In addition, active subscribers of the platform will n…