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Must Read: Tiffany & Co. Enlists Grace Coddington, Kendall Jenner Stars in New Penshoppe Campaign

Plus, watch the first trailer for "Tulip Fever," starring Alicia Vikander and Cara Delevingne.
Grace Coddington. Photo: Dimitrios Kambouris/Getty Images

Grace Coddington. Photo: Dimitrios Kambouris/Getty Images

These are the stories making headlines in fashion this Thursday.

Grace Coddington named creative partner of Tiffany & Co.
Grace Coddington has shown no signs of slowing down since scaling back her duties at Vogue. On Thursday, Tiffany & Co. announced that Coddington will work with the jewelry brand as its first outside creative partner. She is currently "wrangl[ing]" celebrity talent and styling Tiffany's fall campaign. {WWD}

Watch the first trailer for "Tulip Fever"
Alicia Vikander stars in the first trailer for "Tulip Fever," alongside co-stars Christoph Waltz (the husband) and Dane DeHaan (the painter). Do you see where this is going? Judi Dench also makes an appearance, as well as Cara Delevingne, whose face appears for, quite literally, a second. {Vulture}

The rise of "micro-influencers"
A survey of two million social media influencers by Markerly has shown that as followings increase in size, the rate of likes and comments decrease. Instagram users with 10,000 to 100,000 followers saw a "like rate" of 2.4 percent, compared to a rate of 1.7 percent for those with followings of 1 million to 10 million. Companies are taking notice and increasingly targeting "micro-influencers," whose sponsored posts may come across as more authentic. The downside to targeting "micro-influencers," however, is that it requires more time and work to identify them. {Digiday}

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Which team (uniform) are you cheering for at the 2016 Olympics?
ICYMI, several countries have begun unveiling uniforms for the 2016 Olympic and Paralymic Games, many of which have been designed by fashion brands. There's Ralph Lauren's all-American uniforms for Team USA, Lacoste's minimally designed versions (featuring both a rooster and alligator) for Team France, Stella McCartney and Adidas's technical creations for Team Britain, and H&M's yellow and blue kits for the Team Sweden. {New York Times, WWD, Racked}

Hermès saw first quarter declines in all categories except leather goods and saddlery
Hermès reported €1.19 billion (about $1.35 billion) in sales in the first three months of 2016, a 6.2 percent rise from last year. Leather goods and saddlery sales are still strong, increasing by 15 percent, while all other categories (ready-to-wear and accessories, silk and textiles, perfume and watches) declined. {Hermes}

Oscar de la Renta and Cynthia Rowley to show in Sydney
Mercedes-Benz Fashion Week Australia is still relatively under the radar compared to the shows in New York, London, Paris and Milan, but two major American brands are taking part in Sydney's seasonal shows in May. Oscar de la Renta will present an entirely new "summer" collection specifically for Sydney, while Cynthia Rowley declined to comment on whether or not the brand will debut a new collection. {WWD}

Kendall Jenner returns for Penshoppe summer 2016 campaign
Penshoppe has tapped Kendall Jenner to star in its ad campaign for the second time. Jenner models the Phillipines-based brand's summer collection of crop tops, bikinis, one-pieces and minidresses. {Fashion Gone Rogue

This article has been updated to note that Oscar de la Renta will present an entirely new collection for Mercedes-Benz Fashion Week Australia

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