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Must Read: Meet the Woman Behind Michelle Obama's Wardrobe, Dia&Co Raises $40 Million in New Financing

Plus, Beyoncé buys out Ivy Park amid Philip Green sexual harassment allegations.
Michelle Obama in Sally Lapointe with Oprah Winfrey as she kicks off her "Becoming" arena book tour on in Chicago, Illinois. Photo: Scott Olson/Getty Images

Michelle Obama in Sally Lapointe with Oprah Winfrey as she kicks off her "Becoming" arena book tour on in Chicago, Illinois. Photo: Scott Olson/Getty Images

These are the stories making headlines in fashion on Thursday.

Meet the woman behind Michelle Obama's wardrobe
Stylist Meredith Koop is the woman who subtly defined the style of Michelle Obama during her years in the White House and broke the First-Lady-pastel-skirts-and-suits mold. And now, with a book tour that's catapulted Obama back into the public eye, Koop has to plan what she'll wear next. "I really want what she wears to reflect her in a genuine way and resonate with what is in the book," Koop said in an interview with The New York Times. "For a certain percentage of the country, these are depressing times, and there's a fine line between acknowledging that and celebrating her for who she is as a woman. Plus, a lot of her message is about connecting to younger individuals." {The New York Times

Dia&Co raises $40 million in new financing 
Plus-size retail firm Dia&Co has secured $40 million in Series C financing round led by Union Square Ventures, with participation from existing investor Sequoia Capital. Sequoia led its Series B round of $30 million, and its new round of financing brings its aggregate raise to $95 million. {WWD

Beyoncé buys out Ivy Park amid Philip Green sexual harassment allegations
Beyoncé has acquired 100 percent of the Ivy Park brand, which she launched two years ago with British retail tycoon Philip Green. The decision to buy out the fitness clothing brand coincides with Green being named in parliament as having taken legal action to prevent publication of allegations of sexual harassment. No financial details of the deal were disclosed. {Business of Fashion

Cardi B on her collab with Fashion Nova, politics and budgeting 
Cardi B's collaboration with Fashion Nova dropped at midnight on Thursday. Ahead of the release, the rapper caught up with Elle's Chloe Hall to talk Fashion Nova's impeccable fit, and why its important for a fast-fashion retailer to cater to women of color. Cardi B also shared her thoughts on the outcome of the midterm elections and how she budgets for taxes. {Elle

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Rent the Runway's new revenue-sharing model could generate more profit for participating brands
Rent the Runway places big wholesale orders at the beginning of each season, making it an increasingly important account for brands that can no longer rely solely on department stores to meet their revenue goals. And now, brands may rely on the rental service even more thanks to its new revenue-sharing model, which is designed to offer more flexibility — and potentially bigger profits — for participating brands. In the past, brands were paid a one-time fee for an item, but now they'll will get a cut of the revenue generated with each rental. {Business of Fashion

How to safeguard the rights of young designers
Vogue's Sarah Mower interviwed lawyers, academics, headhunters and fashion industry consultants about how recent fashion graduates or students can safeguard their work. When talking to these experts, Mower found that the biggest issue young designers face is not having access to the cash to enforce the rights that they might have. She suggests that creative directors and CEOs, who are looking for novel ideas to excite Gen Z, should hire young designers as consultants instead of copying their work from Instagram. {Vogue

Why fashion needs to embrace new visual platforms 
Norwegian photographer Sølve Sundsø penned an essay for Business of Fashion about why fashion must confront the content opportunity presented by the digital age. "New and innovative visual platforms are commanding fashion to respond with fresh approaches to motion,"  Sundsø writes. "Print is not dead, but even if there has been a decline, we should not be navel-gazing. We must embrace the incredible creative prospects of our changing ecosystem." {Business of Fashion

Vestiaire Collective collaborates with Anna Dello Russo on jewelry sale
Vestiaire Collective has teamed up with Anna Dello Russo for an exclusive jewelry sale launching Thursday. The 38-piece collection is pulled straight from her personal archive and includes a mix of vintage items she's collected from around the world and statement styles she's worn on the streets during Fashion Week. Prices start at $85 and will go up to $820. You can shop the collection here. {Fashionista inbox} 

Michelle Obama covers the December issue of Essence 
Michelle Obama is racking up the magazine covers this month: The former First Lady was unveiled as Elle's December cover star earlier this week, and now Essence has released its last issue of the year, also starring Obama. On the cover of Essence (see below), Obama sports her natural curls and wears a modern white suit. Inside the issue, she opens up about her White House days and offers advice on how to find your own Barack Obama. {Essence}  

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