2012 is proving to be a big year for Opening Ceremony. This year marks their 10th anniversary, recently we reported that the store is coming to London this summer and today WWD confirmed that it will launch a fashion and culture magazine this August.

'As magazine fanatics, O.C. founder Humberto Leon and myself are aiming to create a collectible publication for a new generation, something beautiful and special n the vein of Benetton’s ‘Colors,’ Comme des Garçons’ ‘Six’ and Joe McKenna’s ‘Joe',' co-founder Carol Lim said in an internal memo. 'We want to make a magazine that will appeal to kids in Nebraska as much as industry people.' The magazine will be called OC and each issue will be based around a theme, the first of which is a tribute to the Olympics. Leading photographers like Tim Barber and Bruce Weber have already signed up to contribute.

Marc Jacobs and Lorenzo Martone

Marc Jacobs didn't go down particularly well with his outfit at the Met Gala this week but despite the negative press, the outfit has clearly resonated. Daily Front Row did some digging and found out that the lace dress from Comme des Garcons S/S12 collection had sold out completely at Barneys.

While the are not sure whether the piece sold our before or after Jacobs sported it on the red carpet, it shows that the piece wasn't as outlandish as we all initially thought. It clearly sells well. I wonder if the elf shoes that he wore from his Fall 2012 collection will sell out too?

Andre Leon Talley: fashion's "man of the people" [NY Post]

Rihanna has a host of new fashion fans [Telegraph]

New celeb trends: saying you don't have a stylist [Fashionista]

If a moth eats your Comme des Garcons, jacket, you... [Page Six]

This Nivea ad was banned for claiming it made women feel more attractive [Daily Mail]

Walmart still knowingly selling Miley Cyrus' toxic jewellery [The Cut]

Check the Comme des Garcons film [DazedDigital]

American Apparel hits new low [TheStreet]

Steve Madden releases the "Snookie" shoe [Jezebel]

The print vs. iPad battle continues [BlackBook]

Image courtesy of Marcio Madeira/KCD

With a collection consisting of a strong mix of texture and innovative use of technique, you'd be forgiven for thinking that fashion newcomer Pedro Lourenço had arrived on the scene with years of design experience behind him, and he has, but perhaps not quite as many as you'd think. The up-and-coming designer is an astonishing 19-years old, and since beginning his design career aged only eight (yes, eight!) the Brazilian talent caused a storm with his debut show at Paris Fashion Week this season.

For an extremely young designer, Lourenço has a vast range of influences - from Madeline Vionnet to early Comme des Garçons' shows and Mario Kart, and it was his influential parents (who unsurprisingly are both designers) that gathered a small group of industry insiders to watch Lourenço's first collection, aged eight. Lourenço names the Picasso exhibition at the Grand Palais, Paris as another of his inspirations, where he discovered that Picasso had worked his whole life to be free like a child, something that Pedro snubs. “I feel I was free like a child when I was creating when I was small,” he is clear to point out, and although he may not have the industry experience that many of his older counterparts, he certainly does have the talent. Watch this space...

Good news for fans of Daphne Guinness' always-intriguing wardrobe: She's putting 80 to 100 pieces from her own closet on display next year. From September 2011 to January 2012, Guinness will exhibit her clothes at FIT's museum in New York. Chosen so far are pieces by Alexander McQueen, Dolce & Gabbana, Balenciaga, Comme des Garcons and Azzedine Alaïa.

We're planning to hit the museum, but for anyone who can't, don't worry. Yale University Press will publish a book to go along with the exhibition, co-curated by Guinness and the museum's chief curator, Valerie Steele. WWD reports that the spectacle will focus on Guinness' fixation on intricate sleeves, ruffled necks, ribbons, hats and veils. We certainly can't wait.

Jeffrey Costello and Robert Tagliapietra referenced a recent excursion to Japan for their A/W10 styles. The best evidence of that? Their experimental take on draping, which they said was influenced the craftsmanship of vintage Comme des Garcons and Yohji Yamamoto. That took their creations on twists and turns, with even the basic dresses we’ve come to expect from the duo toying with new waistlines and silhouettes.

Sculptural but reassuringly simple: that’s the Costello Tagliapietra look for fall. Pleats spiraled around the body on both tops and dresses, with inventively draped frocks giving the designers’ audience at MAC & Milk no choice but to look twice. All in sunset shades, the collection used a soothing palette that any Rei Kawakubo devotee would be proud to have in her closet. If this is what travelling to Asia does for the designers, they should do so more often.

See more images after the jump