Business: Rent-a-Suit

The ultimate uniform

For the inflation-squeezed executive who cannot keep up with the sartorially splendid Jones in the next office, it is a dream come true. Top-of-the-rung men's or women's $500 suits for a modest monthly charge, eligible for trade-in when lapels narrow or hemlines drop —and there may even be a corporate tax deduction. That's the sales spiel of new "suit leasing" and "wardrobe analysis" firms.

The rent-a-suit scheme originated a few years ago in Great Britain, where companies have mastered the art of executive perquisites because exorbitantly high tax rates wipe out...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!