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• The latest model to design clothes? That would be Jessica Stam, who is now collaborating with Rag & Bone. [SF, F'gie]
• Related: Hussein Chalayan isn't too impressed with models who think of themselves as fashion designers. [Cut]
• The day in Anna Wintour: Some people seem to think she's gone "power crazy" thanks to her price fixing proposal. Oh, and in case you were wondering, she isn't a big fan of reality TV. [P6, F'gie]

• Daphne Guinness on her new fragrance, which debuts in September. [WWD]
• Cosmetics makers are all about pheromones these days, it seems. [NYT]
• Ann Taylor plans to close 30 more stores and cut more staffers. [Crain's]
• The Thread's list of its top five dressing rooms in NYC. [The Thread]
• Bar Refaeli's squeeze post-Leo is supposedly Teddy Sagi, the founder of an internet gambling company and one of Israel's richest men. [DM]
Gwyneth Paltrow's lifestyle e-newsletter has turned into a massive success, you'll be positively delighted to hear. "Corporate America is knocking at my door," she says. [SW]