Gwen Stefani (Vogue)

Gwen Stefani stars on the cover of Vogue’s January Issue! Photographed by Annie Leibovitz, Stefani poses on top of a piano in a head-to-toe look by Hedi Slimane’s debut collection for Saint Laurent. (People)

So why was Alexander Wang the choice for Balenciaga after the departure of Nicolas Ghesquiere? Chief Executive Officer of PPR, Francois-Henri Pinault, explains that Balenciaga will still remain a couture luxury brand and continue to build on what Ghesquiere has achieved with the brand, possibly moving also into more contemporary styles. (Business Week)

While everyone is still talking about Kate Middleton’s McQueen gown at the BBC’s Sports Personality Awards, Buckingham Palace is preparing to put on a fashion show. Set to stage in July, the Royal Palace will host the “Fine Style” exhibit and live runway show featuring designs inspired by royal couture made by local fashion students. (Huffington Post)

Donna Karan takes her brand another step forward in the social world by designing her own dressing app. Just in time for the 70th annual Golden Globes, the new app aims to follow the brand’s journey through celebrities and is available now on Facebook. (WWD)

Forbes presents the top 30 Under-30 list in Art & Style, showcasing the new up-and-coming talents in the fashion world. On the list you can find names like: Gigi Burris, who designs hats for top celebrities such as Rihanna and Lady Gaga; and Brazilian designer Pedro Lourenco, who showcased his first RTW collection in Paris when he was 19; as well as many more rising talents. (Forbes)

Closing our list of fashion highlights for the week, is Kristen Stewart, who people seem to never get enough of. The Hollywood starlet was recently interviewed by Jon Stewart on the Daily Show. In the interview, Stewart speaks about her experiences in her new film “On the Road,” take a look:

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!