Lanvin for H&M is going to be epic. Because it's freaking Lanvin, because the clothes look just like "real" Lanvin, and because this video is awesome. Before it flies off the shelves, let's indulge in the fashion porn, together.

• Betsey Johnson defaulted on a $50 million loan. Steve Madden bought the debt, and as collateral, Johnson put up all of her company's intellectual property — every design, every idea, everything that makes the brand its lovable pink-punk self.