Robert Pattinson is the new face of Dior: The rumors have finally been confirmed. Actor Robert Pattinson is the new face of Christian Dior’s Dior Homme fragrance. American photographer Nan Goldin shot the campaign; the release date has not yet been announced. [Elle UK]

Rick Owens Collaborates With Adidas: Rick Owens is collaborating with Adidas on a line of running sneakers for both men and women. Adidas by Rick Owens styles will range from $400 to $500 and will be sold at Rick Owens stores and specialty fashion retailers. Photos of the designs are not yet available (they’ll debut at Owens’s menswear show later this month). The project was inspired by Owens’s recent foray into cardio fitness. The shoes will not only be fashionable, but will also function as a high-tech running sneaker. [WWD]

Lululemon Stock Drops: Lululemon’s stock plummeted by 17.5 percent on Tuesday, one day after Monday’s announcement that the brand’s CEO, Christine Day, would be stepping down. On Monday, a representative for Lululemon told The Daily Beast that Day’s departure is in no way connected to the brand’s sheer spandex debacle in March, contrary to industry speculation. [WWD]

Taylor Momsen Nabs Modeling Contract: Nineteen-year-old singer and Gossip Girl alum Taylor Momsen has signed with Next Model Management. "I'm excited about my new relationship with Next Models…Next has great vision, and will be a fantastic partner in furthering both my music and fashion," Momsen said in a statement. Momsen has also modeled for New Look, Madonna’s Material Girl fashion line, and a John Galliano fragrance campaign. [Telegraph]

Blackbook Founder Buys Back Brand: BlackBook magazine founder Evanly Schindler is buying back the title from Vibe Media Holdings with plans to take it mostly digital. “There’s always something sweet about working on your baby,” said Shindler, who founded the culture and nightlife glossy back in 1996 and sold it 10 years later before moving on to Tar and then Interview magazine, where he served as president. Most recently, Schindler proved he could apply his branding chops outside the media industry as one of the visionary’s behind New York City’s downtown restaurant Acme, which opened in January 2012. Now Schindler is going back to his roots, inspired by the growth of brands like Vice. Hint: visitors to the new BlackBook website can expect to see much more video content. [The Observer]