We're loving Karlie Kloss's lewk in the new cover story for M le Monde! She can work those short pompadour hairstyles to death. Also, someone buy us that pink coat. [via Fashion Gone Rogue]  

File this under "things that were inevitable": according to Bloomberg, Chinese shoppers have beaten out American shoppers as the biggest consumers of luxury goods, making up a whopping 25% percent of global luxury sales. [via Fashionista]  

The big fashion Musical Chairs game of 2012 continues: a source told Fashionista that Kate Lamphear, formerly at Elle, will be heading to a new mag called The Editorialist. [via The Cut]  

A mustachioed Will Ferrell will be on the cover of the newest issue of Port Magazine! There's also going to be a feature which includes the story of his SNL audition. Get excited.  [via Selectism]  

The new Spring/Summer Louis Vuitton campaign is an ode to checks and its unforgettable runway! [via Fashion Copious]           

Brooklyn Fox, the popular Williamsburg lingerie store right off of Bedford Ave., now has an online shop! [via Press Release]  

Nike and Cole Haan have partnered up again! The Holiday LunarGrand Collection will be available in Hong Kong and select stores on December 13th. [via HypeBeast]   

After her accidental upskirt picture was posted on the web, Anne Hathaway remained exceptionally demure about the whole thing. The Post overheard her talking about trying to find the comedy in the incident, and when asked about it on the Today show, she was incisive and professional: "I was very sad that we live in an age when someone takes a picture of another person in a vulnerable moment, and rather than delete it, and do the decent thing, sells it. And I'm sorry that we live in a culture that commodifies the sexuality of unwilling participants. Which brings us back to Les Mis..." We're clapping in our seats! [via The Cut]