Plus, Revolve sets terms for $200 million IPO.
These are the stories making headlines in fashion on Wednesday.
Harry Styles to front new Gucci fragrance campaign
Harry Styles is the face of Gucci‘s new gender-fluid fragrance Mémoire d’une Odeur, which comes out in August. For the campaign, Alessandro Michele tapped Glen Luchford to capture Styles, along with an eclectic mix of individuals including designer and Gucci apprentice Harris Reed, painter and visual artist Ariana Papademetropoulos and musician Leslie Winer. {British Vogue}
Navigating the new rules of influencer marketing
The social landscape is shifting as our feeds become increasingly saturated by sponsored posts and inauthentic sales pitches. As such, brands must think up new ways to start conversations and generate value for social audiences that go beyond paying a macro influencer a large sum to post about a tummy-slimming tea. One such way is to turn transactions into long-term partnerships, such as Aimee Song‘s 50-piece apparel collection with Revolve. {Business of Fashion}
Revolve sets terms for $200 million IPO
Revolve and all of its Coachella-ready crop tops are coming for Wall Street. On Tuesday, the company set its initial public offering price at $16 to $18 a share. At the midpoint of the proposed range, Revolve would be valued at $1.2 billion and the IPO would raise $230 million. About $43 million of that would go directly to the company, which plans to use $40.8 million to buy 2.4 million shares of its common stock from investors TSG and Capretto. {WWD}
Inside the booming skin bleaching business
In Manila, the capital of the Philippines, it’s estimated that nearly half of the population actively uses skin-lightening products — many of which are experimental, unregulated and extremely dangerous. Unfortunately, this extreme desire for a whiter complexion is also common in countries like Nigeria, Jamaica, China, Malaysia, South Korea and India, and is fueling a rapidly growing skin bleaching industry that’s estimated to reach a valuation of $24 billion in the next decade. {Refinery29}
How startups can raise smart money
Venture funding for U.S.-based fashion and beauty startups in 2018 was up 30% from 2016, meaning raising money is easier than ever. But the tricky part with funding is knowing which venture capitals to partner with. A new piece for Vogue Business uses insight from investors and founders to help guide the next generation of startups to navigate the journey to Series A. {Vogue Business}
Native Americans offended by the appropriation and commoditization of smudging
There are hundreds of federally recognized Native American tribes in the U.S. that burn a wide variety of dried plants for smudging practices. California tribes use white sage or salvia apiana, which has become the most popular for smudging among non-Native people and is often found in curated spiritual wellness kits. Now, Native Americans are calling out beauty and wellness companies for cultural appropriation and for the commodification of their prayer rituals. {Beauty Independent}
Chanel’s Métiers d’Art show is returning to Paris
Chanel is staying local for its next Métiers d’Art show, according to a statement issued by the house. In the past, the collection has traveled to the Metropolitan Museum of Art in New York and Karl Lagerfeld’s native Hamburg, Germany, but this year the line will be shown in Paris on Dec. 5. The anticipated collection will also be the first designed exclusively by Virginie Viard. {WWD}
Source: Fashionista.com
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