Prakash: The dry cleaning industry faces a generational succession crisis
Ajay Prakash · How I Built Resilience: Ajay Prakash and James Joun of Rinse · Aug 27, 2020 · at 15:26
Ajay Prakash, co-founder of Rinse, describes the demographic dynamics and consolidation opportunities in the traditional dry cleaning industry.
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“And the interesting dynamic we might see in this space is less about an arms race and more that there are a lot of dry cleaners that don't want to continue dry cleaning. You have a lot of people who want to retire. You have kids who don't necessarily want to take over. So there's a lack of generational transfer.”
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