>> 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]