Áslaug Magnúsdóttir Exits Moda Operandi: Áslaug Magnúsdóttir has left her post as co-founder and CEO of luxury online etailer Moda Operandi. The businesswoman made her exit just after the company reached $36 million in a Series C round of additional funding. Magnúsdóttir declined to comment on the reason for her departure to BoF, but the New York Post reports that the split was due to a rift between Magnúsdóttir and Moda Operandi co-founder and creative director Lauren Santo Domingo. [Business of Fashion]

Ireland Baldwin’s Steamy Photo Shoot: Ireland Baldwin, daughter of Kim Basinger and Alec Baldwin, is cementing her new career as a fashion model with a steamy new photo shoot in the latest issue of Vanity Fair. The spread, shot by Patrick Demarchelier, features the blond-haired, blue-eyed beauty striking a series of titillating poses, wearing a white shirt and barely-there bottoms in one photo and a formfitting white dress in another. [Vanity Fair]

Lily Cole’s Social Network: Lily Coles is trying her hand at technology—and helping others at the same time. The British model has created her very own altruistic social networking application called “Impossible.” The app launched this week on Cambridge’s campus, where Cole graduated in 2011. According to The Telegraph, “Impossible” encourages its users “to gift skills and services to one another without expecting anything in return.” As of now, the app is only available to students at Oxford and Cambridge, but it is slated for a worldwide release in two months. [The Telegraph]

January Jones on Red Carpet Critics: In a new interview in The New York Times, notoriously icy actress January Jones commented on the dynamics of red carpet criticism. In reference to the black Chanel minidress she wore to the Met Gala with a coiffed updo and dark smoky cat eyes, which elicited comments from critics that she looked like Batman and/or the Black Swan, Jones said: “These people don’t have degrees in fashion. Why would I care what they say?” [The New York Times]

Carine Roitfeld’s Gold Fashion Show Sketches: Sketches have been released from Carine Roitfeld’s forthcoming gold-filled fashion show at Cannes with gilded looks designed by Chanel, Burberry, Roberto Cavalli, Armani, and more. Of her decision to use gold as a theme, Roitfeld said: “I have themed the collection around the color gold – because it represents warmth, love and success.” [Styleite]