Dress-renting website Rent the Runway landed a sweet $15 million in VC funding from Kleiner Perkins Caufield & Byers. [WWD]

It was announced yesterday that upscale shoe line Jimmy Choo was sold to Labelux, a privately held luxury group, for about $800 million. [Deal Book]

Check out 20 fun images from Katie Grand's new website, KatieGrand.com. [Fashionista]

Chloe Sevigny, who designs a line for Opening Ceremony, will stage her first ever runway show next month. [Style File]

A guide to new beachy stores opening in the Hamptons (and Fire Island) this summer. [New York]

With a new creative director at the helm (Olivier Rousteing), Balmain will launch a younger, cheaper diffusion line in September, Pierre Balmain. [Telegraph]

Lady Gaga's stylist and Mugler creative director Nicola Formichetti will open a pop-up store in New York from Sept. 1-14. [Coco Perez]

Peep these Vans X Supreme sneaks. [Slamxhype]

Apparently, quite a few fashion designers are currently taking cues from interior designers. [WSJ]