Fashion Cheat Sheet

"Punk: Chaos to Couture" Ends As Fifth Most Popular Metropolitan Museum of Art Costume Institute Exhibit; Hermès Unveils $12,900 Basketball

Hermès Unveils $12,900 Basketball: For the September 4th re-opening of its Beverly Hills store, Hermès has unveiled a basketball -- which is priced at $12,900. Only two of the basketballs have been produced at the company's Parisian special-orders atelier. On why the ball isn't the brand's signature orange, Hermès U.S. CEO Robert Chavez said: "It represents the sky, the ocean and all the beautiful pools that are a way of life in L.A. and Southern California." [Hollywood Reporter]

Beyoncé Debuts Yet Another New Hairstyle: It was only last week that Beyoncé caused an internet frenzy when she debuted her pixie cut via Instagram. Some even called the haircut the "new Rachel." But on Thursday, she was spotted having lunch in Miami with a brand new chin-length, asymmetrical blonde bob. What's with all the changes, B? [PopSugar]

"Punk: Chaos to Couture" Wraps Up As Fifth Most Popular Metropolitan Museum of Art Costume Institute Exhibit: The Met's most recent Costume Institute exhbit "Punk: Chaos to Couture," closed Wednesday with 442,350 visitors since its May 9th opening. The retrospective ended as the fifth most popular Costume Institute exhibit over the past 25 years, following exhibitions on Alexander McQueen, Jacqueline Kennedy, Chanel, and superheroes. [WWD]

Zara Co-Founder and Richest Woman in Spain Dies: Rosalia Mera, co-founder of popular fashion retailer Zara and Spain's richest woman, died Thursday at age 69. Mera started Inditex -- which owns Zara, Massimo Dutti, and Bershka brands -- with her ex-husband Amancio Ortega. She reportedly suffered a stroke on holiday in Menorca and passed away shortly after. [BBC]