Author: Daniela Morosini

TWIF: Fashion Can’t Rely on Social Media; Demna’s New Gucci & MoreWho’s up and down in the business of fashion, luxury and beauty this week.1. Skincare startup Starface, known for its star-shaped acne patches, closed a $105 million round led by Astō Consumer Partners and Align Ventures as its annual revenue exceeds $100 million, with founders keeping the controlling stake of the company.2. Bathhouses are seeing a global resurgence as a social wellness “third place,” but high upfront capital and complex regulations mean modest entry fees offer a long, difficult climb to profitability3. Meryll Rogge’s Marni debut channeled the founding…