>> Alongside acting as brand ambassador, Margherita Missoni recently stepped up her Missoni duties as accessories designer of the brand and debuted her first Missoni handbag collection back in May.

Shortly, it sounds like she could be taken on an even bigger role; her mother Angela says she is considering stepping down as Missoni creative director within the next two years: "I was on a bus yesterday and I thought for the first time there are so many things I want to do with my life and whenever Margherita feels ready I'd let her take over. Who knows what the future will bring? Maybe Theresa will run things or perhaps my nephew or my son. Margherita has this incredible passion for the business and for fashion though — she would be excellent."

It's family tradition: Angela took over from her mother »

Vanity Fair releases the first of the major September covers—Lady Gaga photographed by Nick Knight.

Zara is launching an e-commerce website this September 2nd.

Coco Rocha and her new husband have been photographed for an upcoming editorial in Vogue.

Olivia Palermo talks The City and her personal style in ASOS magazine.

>> W Filming September Issue Documentary —Don't expect another The September Issue out of it, but W has had cameras around its offices, filming a documentary on the making of its September 2010 issue (which also happens to be Stefano Tonchi's first full issue as editor). The September cover is said to feature a group of young Hollywood starlets and relative unknowns, among them Emma Roberts, Zoe Kravitz, and Jennifer Lawrence (star of 2010 Sundance Grand Jury Prize winner Winter's Bone), and the film will be for Internet only, according to a W spokeswoman. It's set to launch sometime in late October on the W website. [The Cut, The Cut]

Lara Stone is suing French Playboy over the alleged use of unauthorized photos in the magazine's June issue.

Vogue talks with the newly recognized CFDA/Vogue Fashion Fund finalists just after their one-on-one presentations to the judging committee. 

Steven Meisel photographs Abbey Lee Kershaw and Hanne Gaby Odiele jumping on a bed for Mulberry's fall campaign.

Preen's Justin Thornton and Thea Bregazzi offer a hint about their spring 2011 collection: "This one is softer and more feminine. We’re looking at really delicate fabrics—it’s pretty, feminine, a summery, light attitude."

Hours before showing his spring 2011 menswear collection in Milan, Christopher Bailey chatted with Rosie Huntington-Whiteley (who appears in Burberry's current campaign) for Interview magazine about the tight-knit Burberry family, a new beauty line, and his obsession with acoustic music.

In the past year and a half, Bailey has won Designer of the Year at the British Fashion Awards and the prestigious International Award by the Council of Fashion Designers of America. Since 2001 he has been busy revolutionizing the house of Burberry—designing every collection, influencing the architecture of the brand's new headquarters, producing fragrances, launching a cosmetics line, scouting young bands for Burberry Acoustic, informing one of the most aggressive digital offerings to come from a fashion brand, and founding a charity with Burberry's CEO.

He's also fiercely loyal to his Burberry team, having worked with many of the same people (such as Mario Testino) since day one. Bailey explains, "I don’t like that idea of working with somebody one season and then it’s over. To me that feels somewhat superficial. . . When you’re loyal to somebody, you have a real mutual respect. And with that respect comes freedom and being open to talk very honestly with each other."

At the moment we're feeling a deep loyalty as well—to Bailey's fall 2010 collection aviator jackets:

Source: Craig McDean/Interview

>> Rachel Zoe, Editor-in-Chief? —The new season of The Rachel Zoe Project premieres next Tuesday, Aug. 3 at 10 pm on Bravo, and while Zoe was promoting it yesterday, she was questioned about any aspirations as an editor. Her response? “To be honest, I never say never. I think being an editor in chief of a magazine is a huge, huge job. In order to do that, all the other parts of my job would have to be pushed aside,” she said. “I can’t imagine doing that in the near future. If I did do that, it would be a hybrid of a few magazines like W, Bazaar, Elle, Vogue, Love, V, Visionaire. I think it would incorporate a lot of art and high fashion and interviews with interesting people. It would definitely be oversized!  With beautiful images and great photography. But that’s a huge, huge job.” [DFR]

>> Founding Vogue Russia editor-in-chief Aliona Doletskaya, once rumored to be a candidate for Anna Wintour's job, resigned from the magazine yesterday after 12 years.

In a memo notifying staffers, Conde Nast International president Jonathan Newhouse wrote: “Some time ago, Aliona Doletskaya told me that she would like to leave the Vogue Russia editor-in-chief’s post, which she has occupied for almost 13 years, and start a new life, probably to write a book or try her hand in a new field. As Russia—as well as the rest of the world—was still going through economically hard times, I asked Aliona to wait for a better time to do this. Now, it’s obvious that we are coming out of the crisis, thus I don’t want to interfere with Aliona’s plans anymore. I accept her decision to leave the magazine with great sorrow.”

She already has a successor »