Lagerfeld’s Opinion on FLOTUS Banks: Barack Obama might enjoy wife Michelle’s new bangs, but that’s no matter to Karl Lagerfeld. He told French TV show Le Petit Journal, “Frankly, this doesn’t suit her. The fringe was a bad idea, it’s not good.” [Grazia UK]

Class President Louboutin: Christian Louboutin is headed back to school. The shoe designer has been named president of the Paris College of Art’s class of 2013. Louboutin has already met with the graduating students to provide them with an inspiration for their thesis projects and will attend the school’s end-of-year fashion show in May. [WWD]

Barneys Warehouse Sale Moves Online: Cue your credit cards—Barneys NY is launching their warehouse sale online. The concept received a test-run this past August, and will launch full-force starting Monday. Barneyswarehouse.com will feature merchandise up to 75% off, including men’s, women’s, children’s, and home goods. [WWD]

DVF Headed Back to The Gap: Diane von Furstenberg is continuing her relationship with The Gap by designing a second childrenswear collection for the global retailer. The new range, launching in April, will likely be filled with the bright colors and prints that Furstenberg is best known for. [ELLE UK]

Smurf Fashion Show: The Smurfs are hitting New York Fashion Week. Female Smurf character, Smurfette, will be celebrated with her very on show on Febraury 13, just in time for the new The Smurfs 2 movie release. [Vogue UK]