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Must Read: Paris Hilton's Advice for Pulling Off 2000s Fashion Trends, Kristen Stewart is the Face of Chanel's Gabrielle Perfume

Plus, Abercrombie & Fitch is working with an investment bank to field potential takeover.

These are the stories making headlines in fashion on Wednesday.

Paris Hilton breaks down her favorite trends from the 2000s
Paris Hilton, OG reality star-turned-celebrity and self-proclaimed selfie inventor, has seen the renaissance of trends she and her peers championed in the mid-aughts. What are the trends she thinks are still so hot? Tracksuits ("always wear ones that are colorful, or you'll look like you're actually going to the gym — ew"), miniskirts ("skirts should be the size of a belt") and tiaras ("always dress like a princess. If you do, you'll be treated like one"). {W Magazine}

Chanel names Kristen Stewart the face of its Gabrielle perfume
Kristen Stewart has been a Chanel darling since 2013 when she first became an ambassador for the brand, and she starred alongside the likes of Cara Delevingne and Pharrell Williams in Chanel's Gabrielle bag ad campaign this year. Now Stewart has officially been named the face of the brand's new Gabrielle fragrance in a campaign that will launch in September. {WWD}

Abercrombie & Fitch fielding takeover interest with the help of an investment bank
Teen mall retailer Abercrombie & Fitch is seeing shares trading at a 17-year low and is working with an investment bank to help it field takeover approaches. The brand's low trading has made it particularly vulnerable as its signature logo hoodies and tees have lost appeal with fashion fans. {Business of Fashion}

Givenchy sitting out Paris Men's Fashion Week runway
Givenchy, newly headed by Clare Waight Keller, will skip its usual runway show at Paris Men's Fashion Week this season. Instead, the brand will show a complete Spring 2018 men's collection designed by the in-house team to buyers at its showroom. The Spring 2018 women's ready-to-wear collection, which will be Waight Keller's debut collection for the brand, will show during Paris Fashion Week in October. {WWD}

6 of 10 people are throwing away clothes they didn't know could be donated
Thrift store Savers recently released a report investigating the state of recycling in North America, which claimed that 62 percent of people are throwing away goods like torn or soiled clothing because they don't realize that donation centers will still accept them. "Most consumers grossly underestimate the value of and ability to extend the life of their unwanted things," it said. {Savers}

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Moschino will show men's Spring and women's Resort collections in Los Angeles
Jeremy Scott will release his latest designs for Moschino — men's Spring 2018 and women's Resort 2018 — in LA on June 8th at Milk Studios. "As Los Angeles is where I live, to quote Dorothy: 'There is no place like home!'" Scott said. {WWD}

Kaia Gerber's newest ad campaign for Penshoppe is out
Celeb offspring and model Kaia Gerber joins a long line of Instagirls like Gigi Hadid and Kendall Jenner who have posed for Philippines-based retailer Penshoppe. Set in an abandoned-looking warehouse, the campaign features Gerber wearing pieces from Penshoppe's DenimLab line. {Fashion Gone Rogue}

Wildfang founder Emma McIlroy talks faith, queerness and starting a brand
The most recent installment of Redbull's "Mavens" video series looks at the story behind Wildfang, a brand known for creating bold, tomboyish designs for women. Portland-dwelling, Northern Ireland-born Emma McIlroy, a queer Christian feminist, says the brand was born from a moment when she was shopping in Urban Outfitters' mens' section and found herself asking, "Why don't they make this stuff for women?" {Fashionista inbox}

Benefit donates brow wax proceeds to female-centric charities
For the month of May, 100 percent of the proceeds Benefit earns from brow waxes will be donated to charities like Girls Inc. and Dress for Success, which benefit women and girls from a variety of backgrounds. The brand has raised $6.3 million for charities since 2015. {Fashionista inbox}

Luka Sabbat talks insecurities and wanting to make furniture
Model, street style star and Cool Teen™ Luka Sabbat opened up to online menswear marketplace Grailed about fearing that people might perceive him as just a pretty face, his desire to someday design furniture and how he'd rather play video games than drink or do drugs ("that shit is corny. It's extra"). {Grailed}

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