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Must Read: Fashion Industry Showed Up to Support Women's March, L'Oréal Invests Millions in Beauty Startups

Plus, a Condé Nast consolidation is expected this week.

These are the stories making headlines in fashion on Monday.

The fashion industry showed up in droves to support the Women's March
As women drive 70 to 80 percent of all consumer purchasing in the U.S., it's unsurprising that the fashion industry — from editors at Glamour to designers like Rachel Comey, Adam Selman and Brother Vellies' Aurora James — showed up to support Saturday's Women's March in-person and online. "As supply chains and labour become more transparent, so must a company's stance," said fashion consultant Julie Gilhart. "The customer will pay more attention to a brand if their stance on issues is similar." {Business of Fashion}

L'Oréal invests millions in beauty startups
As part of L'Oréal's partnership with London-based startup accelerator Founders Factory, the beauty conglomerate plans to provide support and funding to a select number of companies driving innovation in the industry. The startups, which include a personalized nail art "robot" and a company that connects brands to beauty influencers, will remain independent of L'Oréal despite receiving mentoring and resources. {Fashionista inbox}

Condé Nast employees brace for likely consolidation this week
The publishing giant behind titles like Vogue and GQ is likely consolidating this week, according to rumors within the company. The consolidations are expected to mean layoffs to come for employees at many levels within the organization; some even speculate that it could mean Condé Nast's owners are looking to sell the media company. Changes are expected to begin this week, as big meetings for both employees and executives are set for the end of January. {WWD

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Nicola Peltz and Anwar Hadid sitting in a tree
Model-turned-actress Nicola Peltz and the youngest Hadid have been showing up in each other's Instagram feeds looking more than a little fond of one another lately, with Peltz recently commenting on their relationship while being interviewed at Sundance. "Honestly, he is an angel," she said. Seems like she's a fan of his model older sisters, too, as she told a reporter, "Gigi and Bella are so, so sweet. They’re feminine, strong girls." {WWD}

Kate Spade is attracting interest from Michael Kors and Coach
The New York-based lifestyle brand planned to begin a formal auction process this month, and so far has attracted interest from six brands, including Michael Kors and Coach, who are interested in potentially buying. Talk of acquisition has become widespread on the heels of a sluggish year for luxury sales, which has sent many luxury brands looking for ways to fight lower-than-expected profits. {Business of Fashion}

Luxury execs are rethinking the future of couture
On the heels of terrorist attacks that have made tourists less likely to travel to Paris, some of the fashion capital's couture houses are highlighting the importance of sending their collections on tour. "Introducing the collections to the public is key — not all clients come to Paris. That's why the collection has to travel," explained Giorgio Armani. {WWD

International Woolmark Prize 2016-2017 winners announced
Gabriela Hearst and Cottweiler were announced the winners of the menswear and womenswear prizes today at the Palais de Tokyo in Paris for their innovative uses of wool in their collections. Both designers will receive industry mentorship, a cash reward and the opportunity to be stocked in high-end retailers like Ssense, Harvey Nichols and My Theresa. {Fashionista inbox}

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