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Kim Kardashian is on the cover of New York Magazine’s Fall Fashion Issue! The Fall Issue is a special and important issue for fashion lovers, reporting on all the top upcoming trends. Some might be surprised to see this Kardashian, chosen as the face for fall fashion, but nothing is surprising anymore due to the star’s ever growing popularity. (E! Online)

Forbes releases their full list of the 25 Most Influential Chinese In Global Fashion. Among those who made the list is Peter Chan who chairs YGM, Jacky Xu who leads Trendy International, Eddie Chen and more. (Forbes)

One of the fashion highlights of London 2012’s Closing Ceremony was the unveiling of top British models including Naomi Campbell, Kate Moss, Georgia May Jagger, Karen Elson, Stella Tennant, Lily Cole, Lily Donaldson, Jourdan Dunn and David Gandy to the sound of David Bowie’s song ‘Fashion’. Who’s your favorite?

Still the reigning champion of all water sports, Michael Phelps will not stay behind Ryan Lochte, even if it means dipping in the fashion industry. The Olympic winner is the star for Louis Vuitton’s latest campaign, photographed by Annie Leibovitz, who is the same photographer that previously shot Lochte and Serena Williams. (Styliete)

Legendary Cosmopolitan editor, Helen Gurley Brown, dies at 90. A pioneer in the fashion industry, Brown was the Editor-In-Chief for Cosmo from 1965 to 1997 and remained at Hearst as the International Editor until her death. Famous for her courageous and unique style, take a look at some of her memorable appearances in front of the camera. (Fashionista)

Closing our list of fashion highlights for this week, Katy Perry and John Mayer have been named “Hollywood’s hot new couple” after being spotted several times together in the last couple of weeks. Perry has previously been rumored to have a crush on the womanizing singer for a long time now. We wish them lots of luck!

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Fashion Roundup: New ‘power couple’ Katy Perry & John Mayer? Michael Phelps campaign and Kim Kardashian on the cover of NY Magazine!