Johnny Depp has finally been bestowed the award we’ve all been waiting for. The CFDA (Council of Fashion Designers of America) granted the prolific star a Fashion Icon Award. This is the first time that a man has ever received this award. (New York Magazine)

Fashion extraordinaire Karl Lagerfeld is well renowned for shocking declarations throughout his career. Fashionista.com has compiled a tribute to the designer’s best quotes of all time; including "Normal people think I’m insane". (Fashionista)

Do you think Glenn Close is a fashion icon? Stylelist.com has put together a 73-photo gallery looking back on the Golden Globe winner’s fashion evolution dating back to 1996. The Damages star has also celebrated her 65th birthday this week, proving that beauty and style definitely comes with age. (Stylelist)

Following in the footsteps of other singing superstars such as Kanye West, Rihanna has stated that she will be launching a fashion line of her own. To those of you who have been keeping up with Rihanna these past few months, this may not come as a shock, after frequently spotting Rihanna at several major shows this season and hearing the buzz surrounding her upcoming fashion related TV show. (Billboard)

Meghan McCain, daughter of U.S. Senator John McCain poses for Playboy. The 27-year-old left nothing under-covers in her revealing interview for Playboy’s April issue. She discusses everything from her love life, to her sexual preferences, and ultimately to her affection of politics. (New York Daily News)

Closing our list of fashion highlights for the week, ABC News explains how swimsuit model Simone Farrow, once named the “sexiest woman in the world,” allegedly ran an international drug ring from her Hollywood apartment.

7X7 for Rihanna on Complex

What a fashionable 70th Anniversary Golden Globe Awards ceremony! Just take a look at some of the greatest trends spotted at this year’s first major event of the awards season -- from bold and ravishing red dresses to pale nude shades. (Fashionista)

Kate Upton alert! The new Brigitte Bardot of her generation, Kate Upton, has come a long way from being a ‘Sports Illustrated’ cover model to a high fashion icon. Upton features on the cover of the January issue of Elle France, including a great sunny and fun editorial spread. (styleite)

Celebrity red carpet appearances in 360 degree view! E!’s Glam Cam allows viewers to review for themselves the amazing outfits on all your favorite stars. From Zooey D to Golden Globe winner Lena Dunham, Kelly Osbourne, and many more. (E!)

Pants these days are getting too tight, so tight they are liable to actually rip. Well, this horrifying tale actually happened to Lady Gaga on stage this week, and in front of thousands of Canadians! The mega stars black latex pants could not handle the pressure and ripped at the butt crack. What does Gaga do? She moons the crowd! You can always count on Gaga to make the best of an awkward situation -- good for her! (Huffington Post)

And the battle continues between Rihanna and Beyonce. Who will have the sexiest cover by the end of the year? Rihanna covers ‘Complex’ February/ March issue 7 times in 7 different outfits. All photos were photographed by Zoe McConnell and styled by Mel Ottenberg, featuring breathtaking looks for the hot singer. (MTV Style)

Closing this week’s list of fashion highlights, here are your best and worst from the Golden Globes: featuring Halle Berry as one of the worst wearing a dress which can be describes as a “curtain” and Emily Blunt showing great taste in a delicate green dress. Take a look:

Roberto Cavalli is in a complicated relationship with his Twitter account. The famed designer is becoming infamous for his micro-blogging. Last weekend Cavalli Tweeted some criticisms at Anna Wintour, stated that there are no true French designers and complimented Marc Jacobs’s on his namesake brand, as opposed to the show he stages for Louis Vuitton, which he described as being “for an old lady.” (New York Magazine)

In honor of Earth Day, Fashionista collected ten eco-friendly brands that design with organic materials or have environmentally-friendly work ethics. “Not buying at all is the most friendly, buying second hand is second best, but buying sustainable-designed clothes is certainly third best”. (Fashionista)

Is the Fashion Industry fueling the Presidential Race? According to Women’s Wear Daily, around $234,600 has already been donated to President Obama, while another $195,820 has been donated to Mitt Romney. Not including Anna Wintour’s Runway to Win, Obama campaign, featuring 22 designers. (Styleite)

The Spice Girl turned designer, Victoria Beckham, revealed her debut design for a Range Rover in Beijing. Inspired by husband David Beckham, who was appointed the creative design executive at Range Rover in 2010, Range Rover will produce 200 models with this design, selling at $127,000 each. (Telegraph)

With Barcelona Bridal Week set to start next month, the Fall 2012 Bridal Trend is sizzling hot at the moment and is due to go vintage, take a look at several items from this trend. (WWD)

Closing our list of fashion highlights for this week, Duda Bundchen, the 5-year-old niece of supermodel Gisele Bundchen, is designing for Brazilian clothing company Brandili Mundi. By doing so, Duda has set a new world record, according to the World Records Academy, becoming the world’s youngest ever fashion designer. See for yourself:

Karl Lagerfeld wants YOU to participate in his movie! The fashion icon has teamed up with producer Harvey Weinstein to make a short film that will be shown at amfAR’s upcoming Cinema Against AIDS gala. The highest bidder for the role will appear in the film, make your bid today! (Fashionista)

Miley Cyrus is on the lookout for some serious attention. How else would you explain her pantless appearance at the 2012 Billboard Music Awards? The 19-year-old pop star/actress chose to wear an oversized Jean-Paul Gaultier white blazer for the prestigious event and nothing else… (Huffington Post)

This week we said goodbye to disco-giant Robin Gibb of the Bee Gees. The Guardian pays a tribute to the threesome, who portrayed a decade of hardcore glamour for men and the disco style in particular. (Guardian)

Here’s a list of Cannes 2012’s best dressed celebrities from the red carpet. Appearances from Cannes judge Jean-Paul Gaultier, FashionTV’s former Model of the Week Liu Wen, Diane Kruger and more. (Styleite)

Instagram is rapidly becoming a tool for celebrities to share photos of themselves on the social media scene. Take a look at the 100 celebrities that you simply have to follow: from Conan O’Brien and Barack Obama to Britney Spears and Justin Bieber. (PopSugar)

Closing our list of fashion highlights for this week is Gotye’s extremely trendy video “Somebody That I Used To Know” featuring Kimbra. The video was uploaded back in July, but after receiving a cover on Glee and on The Voice earlier this month, this video’s buzz is stirring up once again. The stylish video has received over 220 million views so far and is currently sitting in the #1 spot of YouTube’s music chart. Take a look if you haven’t already seen it:

Ben Affleck, Mariah Carey, Will.i.am, Katia Gomez and other celebrities were the winners of VH1’s Do Something Awards. While charity should come without reward, it’s also great buzz for good deeds that celebs are recognized for their charitable efforts with this annual Hollywood event. (Entertainment Weekly)

Vampire Diaries star Nina Dobrev is featured on the cover of Fashion Magazine’s September issue. The 23-year-old actress puts out a bold appearance, wearing a Prada Fall 2012 print suit. (Just Jared)

September 9 is going to be a very busy day at New York Fashion Week, with both Victoria Beckham & Katie Holmes scheduled to showcase their Spring/Summer 2013 collections. The two friends, who until recently were giving fashion advice to one another, might find themselves fighting over the spotlight in New York in a few months. For us, both shows should be a blast. (Huffington Post)

Gisele confirms her pregnancy rumors! Now it’s official baby number two with husband Tom Brady is on its way. She confirmed the news to South American broadcaster TV Globo. In their blog post on the subject, Fashionista.com confirmed that even when pregnant her ass still looks better than 99.9% of the world’s population… (Fashionista)

One of the most important events of the week, was undoubtedly the airing of Oprah’s one-on-one ‘Next Chapter’ interview with Rihanna. The gorgeous star spoke openly about her infamous relationship with Chris Brown, her abusive ex. Many tears were flowing through the interview, but nothing could take our eyes off of the lovely Marc Jacobs Resort 2013 dress worn by Rihanna. (Styleite)

Closing our list of fashion highlights for this week, to celebrate the 120th Anniversary of Vogue, “The Vogue 120” portfolio features the most influential people in fashion under 45, shot by photographer Norman Jean Roy. The video includes such names as Adele, Beyonce, Victoria Beckham, Cara Delevingne, Elle Fanning, Kate Upton and many more. Take a look: