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Must Read: Depop Raises $62 Million in Series C Funding, Seasonal Men's Calendars Are Shrinking

Plus, Yeezy Apparel's General Counsel on streetwear, sneakers and working with Kanye West.
Shoppers in the Depop Los Angeles space. Photo: Courtesy of Depop

Shoppers in the Depop Los Angeles space. Photo: Courtesy of Depop

These are the stories making headlines in fashion on Friday.

Depop raises $62 million in Series C funding
Led by General Atlantic, Depop has raised $62 million in Series C funding. The online marketplace has plans to expand in the U.S. and internationally, invest in new tools and functionality for its platform (which boasts 13 million users worldwide), as well as grow its engineering and data science teams within its London-based headquarters. The news arrives ahead of Depop's first-ever two-day retail experience in New York City, which will open to the public on Saturday with shops, panels, workshops and performances.  {Fashionista inbox}

The seasonal men's fashion calendars, with the exception of Paris, are shrinking
While the menswear market is flourishing, the seasonal men's fashion calendars are shrinking. With the exception of Paris, whose men's fashion week has only grown over the past seasons, the cities of New York, London and Milan have had designers drop out of their respective schedules. (Most recently, Emily Bode's namesake brand opted to show in Paris rather than New York Fashion Week: Men's this season.) "I definitely think it's time to look at a bit of disruption in the way that fashion weeks are organized," says Dylan Jones, British GQ editor-in-chief and chair of London Fashion Week Men's, to WWD. "And I don't mean everybody just showing together or moving dates around. There are some really clever strategic things to be done." {WWD}

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Yeezy Apparel's General Counsel on streetwear, sneakers and working with Kanye West
Kenneth Anand, head of business development and general counsel at Yeezy Apparel, sits down with WWD reporter Sindhu Sundar to discuss navigating the streetwear and sneaker business, how Yeezy has evolved and what it's actually like working with Kanye West. "As someone on a legal role, I'm not somebody who should be on his radar often," says Anand. "And I actually take pride in the fact that I don't have to trouble him much. His focus is on design and creative, and if legal gets in the way of that too much, then there's a problem."  {WWD}

Nathan Westling makes his menswear runway debut for Prada
Since coming out as transgender in March, Nathan Westling made his official runway debut for Prada's Spring 2020 men's collection in Shanghai. The Italian fashion house staged a one-time show at the Chinese city's Minsheng Wharf, as models were dressed in the latest designs inspired by '80s-era sci-fi. {i-D

Bustle Digital Group sees success after acquiring The Zoe Report
Since acquiring The Zoe Report in March 2018, Bustle Digital Group founder Bryan Goldberg is already seeing success from the media brand: Revenue from its first quarter is up by 62% year-over-year, while total revenue for 2018 increased by 30%. Plus, the site's monthly uniques have jumped from 2 million last year to now 3.1 million. "It's both a model and template for what we'd like to do in the future, because it’s just been so successful for us," says Goldberg to WWD. "The speed and the depth of the success is pretty remarkable." {WWD}

Will the market agree with Revolve's $1.2 billion valuation?
With Revolve's IPO launch on Friday, Vogue Business looks into whether the online retailer's $1.2 billion valuation is justifiable. While the company has seen success with its influencer marketing strategy and in-house brands, which now total to 21 and contribute about a third of its sales, reporter (and Fashionista contributor) Alexandra Mondalek claims Revolve "doesn't have an iron grip on millennials or Gen Z." Though the launch of lower-priced range Superdown hopes to target young, budget-conscious consumers, "variations on higher- and lower-priced lines have not always worked for Revolve in the past," notes Mondalek. {Vogue Business}

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