Michelle Obama's Biggest Fashion Regret; LVMH Launches Contest for Emerging Designers

Michelle Obama's Biggest Fashion Regret: Belive it or not, FLOTUS too suffers from fashion remorse. The First Lady admitted on BET's 106 and Park that she regrets the time she wore navy blue cargo shorts on Air Force One in August 2009, because it caused "a huge stink." Obama suffered major public backlash and criticism that her shorts were un-First Lady-like. "[People said] she's wearing shorts getting off of Air Force One," Obama said, adding, "Sometimes I forget I'm the first lady and I'm running around in shorts." One thing's for sure: FLOTUS won't be making the same mistake again. [Huffington Post]

LVMH Launches Contest for Emerging Designers: On Thursday, fashion conglomerate LVMH announced its latest initiative, The LVMH Young Fashion Designers Prize, intended to both celebrate and help foster emerging design talent. Eight creative directors within LVMH—including Nicolas Ghesquière (Louis Vuitton), Marc Jacobs (Marc Jacobs), Karl Lagerfeld (Fendi), Humberto Leon and Carol Lim (Kenzo), Phoebe Philo (Céline), Raf Simons (Dior) and Riccardo Tisci (Givenchy)—will select a winner to receive the over $400,000 prize and assistance from "a special LVMH team in developing their company for a period of twelve months." The LVMH Prize will also choose three university graduates with a degree in fashion design, to win an award of over $13,000 and a one-year apprenticeship at a LVMH brand. [LVMH]

Cara Delevingne May Be Recording an Album: Could a Cara Delevingne music album be in the works? Besides rubbing shoulders with Kanye West while in NYC, the model Instagrammed a selfie inside a recording studio with Rihanna's producer Isabella Machine, featuring the ominous caption "The beginning." On Wednesday, Delevingne posted another photo with Machine and Grammy-award winning producer Kuk Harrell. With a duet with Will Heard and a cover of "I Want Candy" for Kate Grand's Hogan campaign, it would make sense that an album would be Delevingne's next move. [The Telegraph]

Pirelli Celebrates 50th Anniversary with Unpublished Helmut Newton Calendar: To celebrate it's 50th anniversary, the legendary Pirelli Calendar will be releasing a previously unpublished version shot by Helmut Newton in 1986 as its 2014 edition. Newton was commissioned by Pirelli Italia in 1985 to photograph images with Pirelli product placement, a first for the calendar. Newton shot the photos in Monte Carlo—where he lived—and the Tuscan countryside. When Newton had to leave the project for family issues, his stylist, Manuela Pavesi took the reins, completing Newton's vision. The calendar features 12 black and white photographs and 29 backstage shots. [The Telegraph]