Lazaro Hernandez and Jack McCollough with Liv Tyler at the CFDA Awards.Photo: Rabbani and Solimene Photography/WireImage There's been talk for months of Andrew Rosen, founder of Theory and executive of Helmut Lang, buying a 45 percent stake in Proenza Schouler with the help of a group of New York investors. It now appears that the deal is imminent, and could close as early as this Friday; the sha... more.

Photo: Courtesy of Vogue Nippon MAKEUP • Cindy Sherman is collaborating on a makeup collection with M.A.C. • Luisa Bianchin is on the cover of Vogue Nippon's beauty supplement with some very intricate eyeliner, keeping with the theme of the corresponding editorial. • Here's a new ad for Guerlain's fall makeup collection, featuring Natalia Vodianova applying her lipstick. SKIN... more.

From left: Dolce & Gabbana The Lipstick in Venere, Clinique Chubby Stick in Chunk Cherry, Sephora Glossy Gloss in Maple Syrup, NYC New York Color Smooch Proof Lip Stain in Forever Freesia, and M.A.C. Lustre Lipstick in Musky Amethyst.Photo: Photo: AJ Wilhelm Venturing outside in glitter eye shadow, goth-inspired eyeliner, or striped blush led to a few mixed reactions, but the spring runways were... more.

Daphne as Amanda, Amanda as Daphne (left); Daphne as herself (right).Photo: Courtesy of Karl Lagerfeld/V Magazine For V's new "Transformations" issue, Karl Lagerfeld convinced Daphne Guinness and Amanda Harlech to dress up as one another. But as they're both eccentric, moneyed fashion muses with somewhat mysterious official titles and closets full of feathers and haute couture, don't they dress q... more.

Photo: Colin MacFarlane/Splash News After wearing her hair in various lengths and shades of red for the past six months, Rihanna went out in London last week with a brown bowl cut. But then, in a shocking turn of events, her hair had returned to its red color when she made a public appearance later, reports People. Which look do you prefer? ... more.

Jacquelyn Jablonski and Liu Wen.Photo: Courtesy of J.Crew • Terry Richardson reportedly followed Lady Gaga around for a month to shoot photos for a coffee table book he's making about her. It'll be published by Grand Central Publishing on November 22. • Lara Stone would like to star in a sequel to Zoolander. • Liu Wen, Crystal Renn, Jacquelyn Jablonski, and Chanel Iman are all... more.

EVENTS STARTING TOMORROW • Check out the Ahkun summer pop-up shop at the Lower East Side Girls Club, featuring goods from fair trade organizations, independent designers, and sustainable brands. Ten percent of sales will be donated to artisans abroad through Kiva. 56 1st St., nr. First Ave. (212-982-1633); 11–6. • Shop merchandise from over 200 designers such as Donna Karan, Jimm... more.

One of Burris's creations.Photo: Courtesy of Gigi Burris Twenty-three-year-old Parsons grad Gigi Burris is said to have been snapped up by Chanel as their new resident milliner. According to Burris's website, she's a fan of using alligator skin, particularly when it's sourced from reptiles caught near her parents' home in Florida. So, in other words, she must get some interesting care packages. U... more.

Venice's Ponte Rialto.Photo: iStockphoto Diesel, the very same brand whose "Be Stupid" ads were banned in several countries for portraying "indecent exposure" (namely, this image of a woman taking a photo of her crotch while a lion eyes her hungrily), will reportedly pony up the money to fix the crumbling old Ponte Rialto in Venice, according to the Telegraph. Diesel founder Renzo Rosso follows i... more.

Photo: Tiziana Fabi/AFP/Getty Images A few months ago the Italian government announced that they wanted to find a corporate sponsor to pay to renovate their Colosseum in Rome since they didn't have enough money to do it. Enter Tod's — the Italian fashion label known for classic driving loafers and handbags and that also sells a $4,900 alligator iPad case — which has decided to be that... more.

Butter London is a favorite among nail polish aficionados — it's long-lasting, high-quality, and non-toxic (free of formaldehyde, toluene, DBP, and parabens). It's also a Fashion Week mainstay and was modeled on the fall runways at Alexander Wang, Yigal Azrouel, Vena Cava, and more. But mostly, we love the brand for its offbeat hues. The new jewel-toned fall/winter collection launches next ... more.

Photo: Craig Barritt/Getty Images On July 27, Tavi is booked to do a show at Littlefield, a performance-art space in Gowanus that hosts indie music festivals, art exhibits, and poetry readings fueled by craft cocktails with names like Slippery Slope. Titled "A Tribute to Sassy Magazine," her performance is part of Littlefield's Talent Show program, a variety show that's usually stocked with folks... more.

Tavi interviewing Gwen Stefani for Teen Vogue. The life!Photo: Jennifer Livingston for Teen Vogue Next week, Tavi is coming to town for what may as well be her version of summer camp: meetings with publishers! After a recent slumber party with writer Marisa Meltzer, 34, the two came up with a book proposal — in 'zine form, in true Tavi style — for a project called "Diary," about "the ... more.

was a beautiful operation, with global visibility ... Rather than criticizing Prada’s strategies, Armani should do the same thing, invest in the territory, as I did in Rome, contributing to the restoration of the Colosseum. In a moment of crisis, it’s important to be part of a team, and it’s our duty to give a signal, not waste time in useless attacks. Della Valle also alluded t... more.

Tavi and Jane Pratt.Photo: PatrickMcMullan.com Fourteen-year-old fashion blogger Tavi Gevinson has written a lot about her love of Sassy, the teen magazine founded by feminists that was published from 1988 to 1996. In a testament to the Internet's power, she's working with Sassy's founding editor-in-chief, Jane Pratt, to launch a teen magazine "for an audience of wallflowerly teenage girls," Tavi... more.

Beyoncé wearing House of Deréon to the 2009 Oscars.Photo: Kevork Djansezian/Getty Images London residents, get excited, because the line is newly available in your nation. Tina calls the fall 2011 look "city jungle," adding, "The combination of colours, exotic prints and silhouettes make for a cohesive collection with tremendous appeal. Beyonce and I are so proud of the line-up and we c... more.