Time magazine assembled their annual “All-Time 100 Fashion Icons” list, categorizing the list by designers, models, muses, photographers, editors, and stylists. On the list you can find icons such as David Bowie, Gisele Bundchen, Jean Harlow, Lady Gaga and more…(Time)

First Lady, Michelle Obama recently presented Taylor Swift with a special “Big Help Award” at Nickelodeon’s 25th annual Kid’s Choice Awards. Taylor Swift received the award for her philanthropic efforts, including her work with U.S tornado and flood survivors. (New York Magazine)

The daughter of America’s most famous mogul Donald Trump,Ivanka Trump, has recently launched her first ready-to-wear collection with quite a successful fashion show, rapidly building herself up as a designer to go along with her merchandise empire. (Huffington Post)

“Homeland” starClaire Danes appears on the cover of ASOS magazine’s May issue. The actress reveals that she doesn’t diet and loves to wear simple sweatpants, “if they don’t feel like a pair of sweatpants, I don’t have patience for them anymore! (Glamour)

Twenty-year-old Andrej Pejic has become one of the most famous transgender models in the fashion world, as well as one of the most controversial. Jean-Paul Gaultier has named the model the “modern woman boy of today.” Pejic has appeared both in Gaultier's male and female shows and is currently starring in a Kokorico men’s fragrance campaign. (Fashionista)

Closing our list of fashion highlights for the week, Jay-Z presents the very first commercial for his brand “Rocawear”, titled “From Marcy to Barclays.” The commercial is a retrospective of Shawn “Jay-Z” Carter’s journey as a kid growing up in Brooklyn. Take a look:

Former FashionTV ‘Model of the Week’ and Sports Illustrated ‘It Girl’ Kate Upton Wow’s on the cover of Vogue UK. The top model was photographed by Alasdair McLellan, revealing a voluptuous profile. The full January 2013 issue with Upton's first ever British Vogue cover may be viewed on Vogue UK’s site. (Vogue UK)

No Doubt is to design a ‘Ska’ clothing collection for Fred Perry, the British sportswear brand. The collaboration will be out next Spring and is set to feature the full rainbow of reggae colors and vibes. (Styleite)

H&M will launch a new environmentally friendly initiative called iCollect. The idea which will set sail globally in February 2013, will encourage customers to recycle clothes by donating them in iCollect boxes placed near cash wraps in stores. Each bag of clothing will be exchanged for store discounts -- what a great idea! (Racked)

The countdown for the premiere of the new season of ‘Girls’ has begun and is only a month away. The hit show which inspires a new generation of fashionistas, released an official limited-release deluxe digital soundtrack from the show. (Refinery 29)

Benicio del Toro holds a naked woman while wearing a tuxedo on the cover of L'Officiel Hommes Winter cover. Since photographer Andre Saraiva shot the image, the cover has become quite a topic of controversy over the net. Yet there is something touching about del Toro's frozen facial expression, distancing himself from a situation which most guys would find pretty awesome. (Huffington Post

To conclude our list of fashion highlights for this week, is a great video from Racked -- taking Yoko Ono’s new pants designed for Opening Ceremony, out on a test walk! The pants are part of a collection of sexually provocative garments inspired by Ono's late husband, John Lennon. Take a look:

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:

Victoria’s Secret Angel Candice Swanepoel suffers from a tragic Photoshop fail, featuring uneven boobs in a bra advertising campaign. The photo was meant to be used for the “Ad 2 Cups Multi-Way Bra” campaign, but generally people expect bras to do their magic on the entire chest and not just one side. (Refinery 29)

Kate Moss & George Michael will appear on the cover of Vogue Paris. The October issue will feature the two together, mimicking a red carpet shot, with Kate wearing a gorgeous Elie Saab red gown. Both Michael and Kate appeared in the closing ceremony of the 2012 London Olympics, and Moss has guest-starred in Michael’s new music video this summer. (Huffington Post)

Sarah Jessica Parker the new editor of Vogue.com? Not exactly--but she plays the part well in a Glee debut which has been released. According to reports, Anna Wintour worked closely on the wardrobe for the character, which will once again surely mark Parker as a world-famed fashionista. (Vogue UK)

Oscar Wilde once said, “No man is rich enough to buy back his past.” This is especially true for Victoria Beckham, a celebrity who sees her future at a totally different place than that of her past. Cheesy teen modeling shots have been revealed of the former Spice Girl star. (Styleite)

Lady Gaga answers her critics for putting on weight by starting a ‘Body Revolution’. The mega pop star has recently been faced with a public attack for her weight, which by looking at the new pictures is clearly not the case. Gaga posted on her site, Little Monsters, a revealing lingerie photoshoot of herself calling to inspire bravery. (Fashionista)

Closing our list of weekly highlights, take a look at this great new video from Nowness.com, featuring Chanel Iman pole dancing! A great short fashion video by husband-and-wife photographers Dusan Reljin and Hilde Pettersen Reljin.

Victoria’s Secret apologizes for using a Native American style headdress at their annual fashion show. The lingerie brand has been receiving a lot of heat and criticism for their ignorance towards tribal culture. We expect this apology to be accepted. Even Justin Bieber was mesmerized by the event, which set new standards for runway shows. (Washington Post)

Would you buy a dress for $480,000?! You would--if this dress was worn by Dorothy in the 1939 movie production of ‘The Wizard of Oz’. The famous blue gingham pinafore dress with white short-sleeve blouse sold for almost half-a-million-dollars at a Beverly Hills auction. (Examiner)

Pippa Middleton sells magazines but not so many books… Her new book ‘Celebrate’- a guide to party planning, was expected to be a bestseller, but as of yet sold only 2,000 copies in its first week and is not even in the top-300 books list at Amazon. Her publisher reportedly paid her an advance of $600,000, an investment which seems to be slow at showing signs of any return. (Huffington Post)

The 2012 MTV Europe Music Awards award winner, Taylor Swift, covers Harper’s Bazaar December/January issue. The pop/country singer, who is usually seen wearing sparkly gowns and sweet girlish dresses, makes a transformation to wearing Ralph Lauren pants. Despite opting for trousers, she admits to wearing dresses since she was a teen and still love the no-pants look. (Harper’s Bazaar)

Vogue’s December issue will feature Anne Hathaway in a pixie cut after dropping 25 pounds for her role in ‘Les Miserables’. In the magazine Anne talks about her secret marriage and also explains how she lost so much weight in a diet that she refers to as ‘near-starvation-diet. Do not try this at home! (Fashionista)

Closing our list of fashion highlights for the week--We know you’ve been waiting for it since it was announced last week...Louis Vuitton has its first ever fashion film featuring American model Arizona Muse:

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Was it worth the wait?