Katie Holmes is the new face of Ann Taylor's spring 2011 campaign, shot by Tom Munro.

Karl Lagerfeld has made a short film for Chanel featuring models pretending to be mannequins. [Out]

Philanthropists Jonathan and Lizzie Tisch donated $10 million for a new costume exhibition space at the Metropolitan Museum of Art. [WSJ]

A useful video guide to washing your cashmere sweaters. [Daily Candy]

The Ecco Domani Fashion Foundation has named the seven New York-based designers who've now won $25,000: Bibhu Mohapatra, The Lake & Stars (designed by Maayan Zilberman and Nikki Dekker), M. Patmos (by Marcia Patmos), Mandy Coon, Native Son (designed by Kyle Fitzgibbons), Pamela Love, Study NY (designed by Tara St. James). [Racked]

Model Natalia Vodianova is planning to a run a half marathon in Paris. [Vogue UK]

A fun tweet from GQ fashion editor Damien Nunes:  @damiennunes: the whites of my pillowcases doesn't match the white of my duvet. #gayboyproblems