While celebrating the new Louis Vuitton store in London, Marc Jacobs admits to having had a recent hair transplant.

Speaking of Louis Vuitton, the British Advertising Authority has banned two of the brand's advertisements for intimating factory-made handbags were actually produced by hand.

Patricia Field offers her point of view on important fashion choices from Sex and the City 2, including Carrie's $50,000 karaoke outfit.

Giles Deacon talks about taking the reigns at Ungaro and the differences between the Parisian house and his namesake collection: "I don’t want any blurring. My own line is more subversive. In Ungaro-land, things are a little more obvious. I like the instantness of those clothes, but the world of challenge for me is getting that other kind of lightness and softness. My own things tend to be a little bit harder."

Source: WireImage

Olivier Theyskens, who has not produced a collection since his exit from the house of Nina Ricci during the fall 2009 season (although he did release a book), has landed himself a job—designing a capsule collection for Theory that will be released next spring according to WWD. We admit it might be nice to actually be able to afford something from one of the world's most adored fashion designers but would much prefer to watch Theyskens on a main stage, presenting mind-blowing fashions for a major house. Let's hope this partnership also means that Theory chief executive, Andrew Rosen, is planning to offer Theyskens financial backing to restart his own collection.

In other designer news, Brioni has tapped Alessandro Dell'Acqua to be the creative director for its women's collection. Dell'Acqua will continue to produce his own line, N. 21.

Source: Getty

Sarah Burton, who was left to oversee the completion of Lee Alexander McQueen's fall 2010 collection last March following the designer's suicide, has officially been named creative director at the label. Formerly the head of design for womenswear, Burton had worked alongside McQueen for sixteen years.

“The creation of modern, beautifully crafted clothes was at the heart of Lee’s vision. I intend to stay true to his legacy," she said in a statement. News of a successor will undoubtedly strengthen the McQueen brand, which has immediate plans to release a licensed men's underwear line this summer.

Source: David Burton

>> Olivier Theyskens Finally Returning to Design —It's been over a year since Olivier Theyskens has had a design outlet — he left Nina Ricci in March 2009 — but he's finally back. Theyskens will design a capsule collection for contemporary brand Theory, to be shown during the upcoming Spring 2011 season. Further details are currently unavailable. [WWD]

Christophe Lemaire, the man behind the commercial resurgence of Lacoste, is headed to Hermes. It was announced today that Lemarie will be replacing Jean-Paul Gaultier, who has been at Hermes for seven years and is reportedly leaving to focus on his namesake lines. Gaultier will stay on at Hermes until the Spring 2011 runway show in Paris this October, and Hermes will continue to own a 45% stake in Gaultier's fashion house.

News of Gaultier's departure comes two weeks after the death of Jean-Louis Dumas, former president and chief executive of Hermes, who hired Gaultier in 2003 to jump-start the the company's ready-to-wear business. “Hermes is deeply grateful to Jean-Paul Gaultier for his outstanding creative contribution,” the company said today in a statement.

Christophe Lemaire, who will show his first Hermes collection for the Fall 2011 season, launched his own brand in 1991 and has worked in the houses of Christian Lacroix, Jean Patou, Yves Saint Laurent, and Thierry Mugler.

Source: Getty

>> Giles Deacon Thinks Carine Roitfeld's "Tarty with Elegance" Style Sums Up His Ungaro Vision —Just yesterday, Giles Deacon was announced as Emanuel Ungaro's creative director, and today, he's already prosyletizing the brand, with his sights set on converting a certain Vogue Paris editor: "Carine Roitfeld has a very Ungaro feel about the way she dresses: the tailored jacket, the pencil skirt. It’s kind of tarty with intelligence. I see them as really empowering clothes, and lots of women like playing with the psychology of all that. It’s an interesting game." [Style File]

>> Corroborating rumors that first popped up last August, Hermes announced today that Jean Paul Gaultier is leaving his post as creative director of the brand.

"After seven fruitful years of creative partnership, Hermès and Jean-Paul Gaultier artistic director of women’s ready-to-wear, have decided to bring to an end their collaboration allowing Jean-Paul Gaultier to concentrate on his own projects," read the release. "The spring-summer 2011 collection to be revealed in October 2010 will be the last collection created by Jean-Paul Gaultier for Hermès. Hermès is deeply grateful to Jean-Paul Gaultier for his outstanding creative contribution during these seven years.”

Who's replacing Gaultier? »

>> Last week, when Tyra Banks announced she was returning to IMG Models, questions rose about whether she would be returning to runways (she retired in 2005) — but it sounds like she's more interested in becoming a spokeswoman, lending her name and image to other brands, than anything else.

In a statement released, she noted: "The last time I was with IMG, I was set on taking on the modeling world in the high fashion and commercial sectors. Now I’m dreaming even bigger, but this time for my company as well. Aligning myself with brands that I believe in, and helping them achieve the kind of success they’re looking for, helps all of us as we grow our businesses."

And Ivan Bart, SVP of IMG Models, added: "IMG will help expand her relationships with companies through endorsements, and will assist her in developing business relationships with sponsors whose missions she feels strongly about."

More details about the America's Next Top Model-Vogue Italia partnership »