Photo: Kevin Mazur/Getty Images for SKIMS
These are the stories making headlines in fashion on Thursday.
Skims’ pre-IPO fundraising could value brand at $4 billion
On a path towards an IPO, Kim Kardashian‘s shapewear brand Skims is said to be raising money at a valuation of $4 billion, WWD reports. The brand’s valuation is expected to increase from round to round; it has reportedly made close to $1 billion in sales this year. {WWD/paywalled}
Tod’s Creative Director Walter Chiapponi exits
Having joined Tod’s as creative director in October 2019, Walter Chiapponi will leave the brand after the debut of his Spring 2024 collection in Milan on Sept. 22. WWD reports that Tod’s and Chiapponi are parting ways “by mutual agreement.” Chiapponi’s creative director successor will be announced in the coming months. {WWD/paywalled}
Why has Gen X been overlooked in online style discourse?
Gen X, or those born between 1965 and 1980, is often overlooked online in favor of baby-boomer, millennial and Gen-Z style discourse. When you think about Gen X style, you might think of Winona Ryder’s leather jackets and Kurt Cobain’s signature grunge aesthetic. Beyond that Gen X writer Fiorella Valdesolo poses the question: Does Gen X have no style? They largely grew up in the ’80s and ’90s and often sported oversized plaid, leather jackets and baggy jeans which have found their way back into the trend cycle. While Gen X may feel forgotten, U.S. Google searches for Gen X fashion have risen more than 170% in 2023 compared with 2022, Valdesolo writes. {Wall Street Journal/paywalled}
Mielle Organics becomes WNBA’s first textured hair-care partner
Mielle Organics will launch the partnership on Saturday at the WNBA All-Star Game in Las Vegas. As the second beauty brand to partner with the WNBA, Mielle Organics will host activations at key events and the league’s media partners will publicize the brand’s marketing campaign. {Business of Fashion/paywalled}
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Source: Fashionista.com
