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Rent the Runway Wins FGI's 2011 Rising Star Award for Retail

The Fashion Group International's 14th annual Rising Star Awards were presented this afternoon at New York's Cipriani 42nd Street. Hosted by Conde Nast Digital Editorial Director Jamie Pallot and featuring keynote speaker Norma Kamali, this year's winners were awarded Movado-made trophies—just like this one.

We sat at the Rent the Runway table with founders Jennifer Fleiss and Jennifer Hyman—their site allows women to rent designer clothes and accessories, commitment-free!—and were so excited when they won.