Pacsun Has Announced a New Global Partnership with the Rare Impact Fund
References: prnewswire
Pacsun partners with Rare Impact Fund, an initiative founded by Selena Gomez that aims at enhancing mental health services and education for youth on a global scale. The collaboration was announced during Mental Health Awareness Month and figures as part of Pacsun’s ongoing social impact program, PacCares. The initiative encourages customers to contribute to the Rare Impact Fund with every purchase made online or in-store.
Pacsun CEO Brie Olson highlighted that the partnership is designed to raise awareness: "acsun will collaborate with the Rare Impact Fund to raise awareness to destigmatize mental health, direct funding to youth mental health organizations and expand access to educational resources across the globe."
Additionally, Pacsun will utilize its extensive social media presence to promote mental health awareness and support. The partnership aims to raise $100 million to distribute to organizations that enhance mental health services and education.
Image Credit: Pacsun x Rare Impact Fund
Pacsun CEO Brie Olson highlighted that the partnership is designed to raise awareness: "acsun will collaborate with the Rare Impact Fund to raise awareness to destigmatize mental health, direct funding to youth mental health organizations and expand access to educational resources across the globe."
Additionally, Pacsun will utilize its extensive social media presence to promote mental health awareness and support. The partnership aims to raise $100 million to distribute to organizations that enhance mental health services and education.
Image Credit: Pacsun x Rare Impact Fund
Trend Themes
1. Mental Health Awareness Campaigns - Increasing collaborations between brands and mental health initiatives are emerging, aimed at destigmatizing mental health through extensive awareness campaigns.
2. Social Impact Financing - Retail brands are integrating social impact funds into their business models, encouraging customers to contribute to mental health causes with every purchase.
3. Youth-focused Mental Health Services - Significant investments in mental health resources specifically tailored for youth are becoming a priority in joint public and private sector initiatives.
Industry Implications
1. Retail Industry - The retail industry is leveraging social awareness collaborations to increase both consumer engagement and social impact.
2. Mental Health Services - Providers in the mental health services sector are seeing increased funding and support from private enterprises committed to enhancing access and education.
3. Social Media - The social media industry plays a crucial role in distributing mental health awareness content and fostering community support through brand partnerships.
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