FASHION INDUSTRY NEWS – WEDNESDAY

Good morning designers!  The Wednesday edition of the StylePortfolios.com Daily Fix is up and ready for your reading pleasure.  What are you waiting for? Get a coffee, sit-down and get your day started-off right with The Daily Fix…

VESTIAIRE COLLECTIVE SECURES €58 MILLION FUNDING TO SUPPORT FURTHER INTERNATIONAL GROWTH – PRNewswire
“Vestiaire Collective, the European leader in luxury and premium pre-owned fashion today announces the completion of a €58 million round of financing to fuel continued international growth and increase operational capabilities. The round was led by new investor Vitruvian Partners as part of Vitruvian’s increasing focus on French opportunities.”

CHANEL SHOWED SPARKLING COUTURE INSIDE A HALL OF MIRRORS – TheCut
“Leave it to Karl Lagerfeld to come up with an impressive set time and time again. From the Chanel Data Center to the Hotel Ritz, a faux atelier, art gallery, and carousel, Lagerfeld always manages to transform the Grand Palais into uncharted territory, and today’s Chanel couture show was no different.”

HOW CARA DELEVINGNE, KARLIE KLOSS & GIGI HADID ARE CHANGING THE FACE OF FITNESS – FootwearNews
“Other labels that once relied primarily on sports stars in their marketing efforts have followed suit in the past year. Now model-centric campaigns — targeted to the underserved female market — are emphasizing the holistic person, flaws and all.”

PRESIDENT OF STRUGGLING BANANA REPUBLIC TO DEPART – ChainStoreAge
“Gap Inc. said Tuesday that company veteran Andi Owen, global brand president for Banana Republic, will leave the retailer in late February. Gap CEO Art Peck will directly oversee the brand until the company finds a replacement.”

BRITISH VOGUE EDITOR-IN-CHIEF ALEXANDRA SHULMAN TO DEPART MAGAZINE – TFL
“The top editor at British Vogue plans to step down after a quarter century at the helm of the trendsetting fashion magazine. Vogue said Wednesday that Alexandra Shulman will leave the position this summer.”