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The Social Media Trap | BoF

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TWIF: Fashion Can’t Rely on Social Media; Demna’s New Gucci & More

Who’s up and down in the business of fashion, luxury and beauty this week.

1. Skincare startup Starface, known for its star-shaped acne patches, closed a $105 million round led by Astō Consumer Partners and Align Ventures as its annual revenue exceeds $100 million, with founders keeping the controlling stake of the company.

2. Bathhouses are seeing a global resurgence as a social wellness “third place,” but high…

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