New GAP CEO, Mattel's Prez & COO Richard Dickson Is a Superlative Hire
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SKIMS Now Valued at $4 Billion as Kardashian - Grede Lockdown $270M Series C Funding
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Skims co-founders Kim Kardashian and CEO Jens Grede have confirmed a new $4 billion valuation for the company, after raising $270 million in a new Series C funding round.
Skims was previously valued at $3.2 million.
The new capital investment was led by Wellington Management and also includes funds from Greenoaks Capital Partners and existing partners D1 Capital Partners and Imaginary Ventures.
Mr. Grede has confirmed that Skims anticipates sales of about $750 million in 2023, up from $500 million in 2022. About 15 percent of its online customers come from outside the United States.
Read MoreKendall Jenner Named L'Oreal Global Ambassador Launching September 2023
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Kendall Jenner and L’Oreal have shared the announcement that the top model and B-Corp entrepreneur has been named L’Oréal Paris’ newest global ambassador.
When Kendall shared her WSJ Magazine terrific images and interview early in June, AOC did extra homework to unearth the important to us — and I daresay L’Oreal — fact that Jenner’s 818 Tequila brand is a B-Corp.
Kendall’s first L’Oreal campaign will be in makeup, with a September 2023 launch. Both parties issued the expected press releases.
Read MoreSkims Talks New [and Last] Round of Funding Before IPO with $4 Billion[ish] Valuation
/![Skims Talks New [and Last] Round of Funding Before IPO with $4 Billion[ish] Valuation](https://images.squarespace-cdn.com/content/v1/55f45174e4b0fb5d95b07f39/1689553158323-BLC2L2FMMEZ07N9P88FL/Kim-Kardashian-Dials-for-New-Investors.png)
Boston-based investment firm Wellington Management is in talks to lead a new round of funding for SKIMS, led by Kim Kardashian and Jens Grede, Skims CEO and co-founder.
Reports are that the financial math currently on the table would establish a financial valuation for SKIMS of $4 billion. Assumptions are that this would be the final round of fundraising before an initial public offering that could come in about a year.
Read MoreL'Officiel Settles Unpaid NYC Freelancers Lawsuit
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The City of New York has reached a settlement on behalf of unpaid freelancers working for French media brand L’Officiel. As of July 14, 2023 L’Officiel has agreed to pay more than $275,000 to 41 freelancers.
Plaintiffs included writers, editors, photographers, videographers, graphic designers and illustrators.
Notice to Unpaid L’Officiel NYC Freelancers Who Have Not Filed a Claim Must Do So By Feb. 7, 2024
Freelancers who were not fully paid by L'Officiel for work performed between Jan. 1, 2017, and July 11, 2023, and were not specifically named in the suit, must file a claim by Feb. 7, 2024, in order to participate in the settlement. Freelancers named in the agreement do not need to file a claim and will receive an email with information explaining how to receive payment.
Read MoreBasquiat Graffiti Will Remain at Atelier Jolie's NYC Home at 57 Great Jones Street
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Angelina Jolie’s new purpose-driven collective has its first location at 57 Great Jones Street in New York City. In the IG video showing off the new headquarters, Jolie’s children, Shiloh, 17, and Pax, 19, are also visible spray painting the collective’s logo onto the building.
This has got to be an exciting time for Angelina Jolie and her children as they enter a space where Andy Warhol and Jean-Michel Basquiat lived and worked for several years.
The interior features 6,600 square feet of space across three floors. The exterior of the building is adorned in street art, and Jolie will keep it that way as a public tribute to Basquiat. who started his career as one half of the graffiti art duo SAMO.
More Basquiat News
In Los Angeles, the show “JEAN-MICHEL-BASQUIAT: KING PLEASURE©” has been extended through October 15, 2023. Location is 100 S Grand Ave, Los Angeles, Ca 90012. Self Parking is located between W. 2nd Street and W. 1st Street on S. Olive Street.
At the same time, in Paris the Jean-Michel Basquiat x Andy Warhol exhibit, organized by the Louis Vuitton Foundation, runs through August 28, 2023.
Read MorePrada's Caffe Principe: Where Excellence Meets Timelessness in Forte dei Marmi
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Nestled in the enchanting Italian coastal town of Forte dei Marmi, Caffè Principe stands as a true testament to the la dolce vita marriage of excellence and timelessness.
Since its establishment in 1959, this iconic establishment has been a haven for discerning coffee lovers, gastronomes, and art enthusiasts alike. The cafe reopened today, July 9, 2023, with its legacy intact.
In fact, Caffe Principe has been restored to honor the legacy of the hotspot, keeping its original name. Caffè Principe is managed operationally by Marchesi 1824, which makes perfect sense.
Read MoreLVMH Launches Bold Focus on Preserving and Teaching Craftsmanship Across France
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The Rencontres Economiques des Metiers d'Art Forum, organized by leading partner LVMH, is an exciting new platform celebrating the convergence of art, artisanship and commerce in the luxury sector.
The platform launched in the picturesque town of Tonnerre, Burgundy on June 30, 2023, designed to bring together renowned artisans, industry experts, art enthusiasts business leaders to explore the rich but intricate relationship between craftsmanship and economics.
With a focus on preserving traditional techniques while embracing innovation, the goal of the forum was and will be a catalyst for dialogue and collaboration among talented individuals from various artistic disciplines. It’s indisputable that the artisans themselves are at the center of this metaphorical wheel of French excellence.
Read MorePhoebe Philo's September Return Taps Top Model Alter Ego Daria Werbowy
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As creative director of Celine before Hedi Slimane, Phoebe Philo and top model Canadian-Ukrainian, born in Poland Daria Werbowy became visual alter egos.
That visual and psychological synergy is set for a September 2023 reunion with the return of Phoebe Philo’s eponymous brand.
As creative director of Celine before Hedi Slimane, Phoebe Philo and top model Canadian-Ukrainian, born in Poland Daria Werbowy became visual alter egos.
That visual and psychological synergy is set for a September 2023 reunion with the return of Phoebe Philo’s eponymous brand.
Read MoreSKIMS Pops Into Selfridges London, Outlines Significant Retail Stores Expansion
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