Fashion Cheat Sheet

Kate Middleton's DVF Dress Sells Out; Roberto Cavalli May Sell Company For $621 Million

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Kate Middleton's DVF Dress Sells Out: The world cannot get enough of The Duchess of Cambridge's fashion choices. Within a matter of minutes of photos surfacing online showing Middleton's Thursday look, the blue and white Diane von Furstenberg wrap dress she was wearing sold out in its most popular sizes. “The phone has been ringing off the hook,” said Drew Hirsch, an employee at DVF's Meatpacking District store. “That's just how influential [Middleton] is in fashion.” The frenzy, known as “The Kate Effect,” comes as no surprise—Middleton’s style choices have previously boosted the sales of Tory Burch and Whistles. [New York Daily News]

Roberto Cavalli May Sell Company For $621 Million: According to sources close to the deal, agreements may be reached shortly between Italian fashion house Roberto Cavalli and buyout firm Permira. The potential $621 million sale would end a 40-year-long ownership for the animal print-loving 73-year-old designer, but “The Leopard King” would still retain between 20 to 40 percent stake in the company. [Reuters]

FASHION Magazine Denies Lorde's Photoshop Claims: In the most recent controversy surrounding photoshopped celebrities, singer Lorde has called out Canadian glossy FASHION magazine via Twitter for photoshopping her a “new nose” in its most recent issue. Bernadete Morra, the magazine's editor-in-chief, responded to Lorde's allegations Thursday. “I can assure you FASHION Magazine did not give Lorde a new nose," she said. "Sometimes lighting or camera angles can give the impression that things look smaller, larger or different than they really are.” [Styleite]