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A New Model for Funding Fashion Start-Ups | BoF Professional, News & Analysis

It was only a couple of months after Allegra Shaw and Shirin Soltan launched their sustainable clothing label, Uncle Studios, when they hit cash flow issues.

They had used their own funds to start their brand in late 2017, and much of that went to manufacturers. The duo had hoped a bank loan would cover marketing and other costs in order to scale, but lender after lender turned them down.

“When you’re an entrepreneur and you’re young, banks don’t trust you with loans,” said Shaw, who is based in Toronto. “We weren’t eligible to get enough money.”

Months later, Shaw and Soltan received an unusual offer: a financial services firm, Clearbanc, was willing to provide Uncle Studios money to spend on social media ads. The brand would pay back the funds, plus a 6 percent flat fee, via monthly payments taken out of its revenue.

Clearbanc, now called Clearco, has

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A model with Down syndrome fulfills her fashion week dream

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Model Marian Avila wears an outfit from the Talisha White 2019 spring collection on the runway during Fashion Week, Saturday, Sept. 8, 2018, in New York. Avila, a 21-year-old Spanish model with Down syndrome, fulfilled her dream to walk at New York Fashion Week thanks to White, the Atlanta designer she met through the magic of social media. (AP Photo/Leanne Italie)

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Model Marian Avila wears an outfit from the Talisha White 2019 spring collection on the runway during Fashion Week, Saturday, Sept. 8, 2018, in New York. Avila, a 21-year-old Spanish model with Down syndrome, fulfilled her dream to walk at New York Fashion Week thanks to White, the Atlanta designer she met through the magic of social media. (AP Photo/Leanne Italie)

NEW YORK (AP) — Marian Avila, a 21-year-old Spanish model with Down syndrome, fulfilled her dream to walk at New York Fashion

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BTS Will Model Louis Vuitton Men’s Wear in Spin-off Film: EXCLUSIVE

The fall 2021 Louis Vuitton men’s collection by Virgil Abloh has spawned a spin off — and it will be brought to life by South Korean boy band BTS, WWD has learned.

The French luxury brand plans to unveil the collection, which includes 34 new looks and seven from the original range that was unveiled last January, via a film that will debut on its website today at noon CET. The centerpiece of the online reveal will be an appearance by BTS, who signed on as Vuitton ambassadors last April with a promise of “exciting projects” to come.

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Each member of the supergroup will wear one look in the film by Korean director Jeon Go-woon.

“The film stages a conversation between space, movement and global connectivity central to our moment in time, and explores the city of Seoul through the lens of diversity,” according to Vuitton, noting

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‘Mani’ Actor & Fashion Model Was 23

Daniel Mickelson, a model and actor with roles in web series Mani and the 2019 indie comedy The Killer Clown Meets the Candy Man, died July 4, his sister announced Monday night. He was 23.

A cause of death was not disclosed for the Atlanta native.

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“My heart is shattered & to write this feels so wrong and i don’t even know what to say,” Meredith Mickelson, a model, posted on Instagram. “Yesterday i lost my brother, best friend & the other half of my heart. There wasn’t a person i loved more on this earth. theres no words that can do him justice that i could write. to know him was to love him. he was the happiest brightest smiley most sunshine human to exist and I’m so happy God chose me to be his sister for his whole amazing life.”

Daniel Mickelson launched

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