Is there something in the water in Hollywood? First Rihanna and now Avril Lavigne has shaved half her head in a new hairstyle reminiscent of a punky glam rocker. She kept the color and length on the other side of her head in the same style. She isn't the only one revamping her look. Charlize Theron has shaved her blond locks for her upcoming movie role in Mad Max: Fury Road. She’s been wearing a beanie or Fedora to cover it up ever since. (Huffington Post)

Karl Lagerfeld is always known for making headlines in fashion, least of which is for his iconic black and white tuxedo look and low ponytail. So it’s no surprise Germany’s St. Pauli Panopticon has opted to preserve the legendary Chanel designer--in wax! The figure features Lagerfeld’s iconic dark sunglasses and black studded gloves. (People)

This isn’t Lagerfeld’s only headline this week. He’s also making headlines for a book of photographs based on Chanel’s Little Black Jacket. The fashion tome is made up of 113 photographs shot by Lagerfeld of models, celebrities, socialites, fashionistas, and personalities styled in the LBJ by former French Vogue Editor-In-Chief Carine Roitfeld. Chanel threw a party to celebrate an exhibit featuring the photos on display from June 8 to June 15. (Harper’s Bazaar)

Maison Martin Margiela is the next high fashion brand to collaborate with H&M! Straight off the heels of the popular team ups with Lanvin, Versace, Roberto Cavalli, and Marni, the popular French has created a collection of timeless, streamlined and wearable pieces debuting on November 15. Will we see MMM fans Michelle Obama or Sarah Jessica Parker in one of these pieces? (Stylelite)

Stella McCartney travels around the world to present her collections, turning up in both England and Paris on occasions. She took to New York to showcase her Resort 2013 presentation, throwing a sweet summer party in a garden for the occasion. Besides gorgeous clothes, the event attracted a bevy of beauties like Anne Hathaway, Amy Poehler and Solange Knowles. (Fabsugar)

Raf Simons showcases his first collection for Christian Dior in an outstanding Haute Couture show in Paris this week. The former Jil Sander designer managed to attract nine heavyweight designers to watch his show, including top names Marc Jacobs, Alber Elbaz, Donatella Versace, Pierre Cardin and several more. (The Hollywood Reporter)

Tight dresses and bold colors were the dominant styles on the red carpet at the 2012 BET Awards. Beyonce Knowles, who is an inspiring example for the look, walked the carpet wearing a bright yellow satin gown by Stephane Rolland. Beyonce was also one of the big winners of the night, voted Best Female R&B Artist as well as Video Director of the Year. (CBS News)

Carine Roitfeld, the former chief editor of French Vogue, styled three covers for V Magazine’s “Youth Quake Issue” featuring up and coming models such as Kati Nescher and Ava Smith. The issue, due out July 5, will also include a bonus preview of Roitfeld CR Fashion Book magazine which will launch this September. (Styleite)

Following a Mad Men collection, Banana Republic has declared to launch an Anna Karenina inspired Fall collection. Tolstoy’s classic book will be released as a film this November, starring Keira Knightley and Jude Law. (WWD)

Rihanna covers Harper’s Bazaar August issue in a dramatic golden Tom Ford gown from his Fall 2012 collection. This will be the 24-year-old’s first ever cover for the US magazine and by the looks of things, it will probably turn out more successful than her last “big and blonde” US cover for Elle. (The Fash Pack)

Closing our list of fashion highlights for this week, 29-year-old Anja Rubik is launching a new fashion magazine named “25”. The first issue will focus entirely on erotica from a woman’s point of view. For the launch of the new magazine, photographer Barnaby Roper has teamed up with Kanye West to create an interesting artistic short video. Take a look:

Rihanna’s ‘second career’ as a fashion icon has reached new heights. After already working on her own fashion show, she is now designing her very own collection for British high street brand River Island. The superstar said in a recent statement that River Island is the perfect partner for her to design a collection with, which is something that she wanted to do for a long time. (Styleite)

Is Wikipedia against fashion? Wikipedia co-founder, Jimmy Wales, explains why the site ruled out Kate Middleton’s bridal gown page for the second time, stating the content as “fluffy”. This has raised many eyebrows in the fashion industry, a move which can implicate that fashion subjects might not be as important as others. (New York Magazine)

In anticipation to the 2013 Pirelli Calendar, which is due to be released in December, GQ Germany decided to jumpstart and dedicate their August issue to the sexy calendar which will celebrate its 40th birthday this year. The cover was given to Rosie Huntington-Whiteley from the 2010 calendar. (Huffington Post)

More on gorgeous models in bikinis, here are great tips from Jessica Hart, Chrissy Teigen, Erin Heatherton and more on how to take flattering swimsuit pictures, also for the non-models. (Fashionista)

Is the relationship between Blake Lively and Chanel cooling down? Rumors say that her absence in Chanel’s Paris Couture show last month, plus the announcement of her being Gucci’s fragrance Premiere spokeswomen, might have been a bit too much for Chanel managers. (New York Post)

Closing our list of fashion highlights for this week, Lady Gaga goes ‘Kraftwerk’ in a new fragrance commercial for Lady Gaga Fame, the first ever black Eau De Parfum (as the ad says). Lady Gaga tweeted that “I won’t lie, I’m a bit nervous…But so proud of Steven! (Steven Klein), we really did not sleep”. Take a look:

New York Fashion Week opens today! Which, of course, is a great opportunity to review the history of this prestigious event. NY Fashion Week was the very first Fashion Week ever, before Paris or Milan, way back in 1943. And it was called ‘Press Week’. Next year will be the 20th Anniversary for New York Fashion Week. It’s exciting to be part of fashion history, isn’t it? (Fashionetc)

Kristen Stewart fronts the cover of British Vogue’s October issue. The desirable actress has fallen prey to a media storm over the past month, due to the events surrounding her breakup from Twilight co-star and longtime boyfriend, Robert Pattinson. Stewart opens up about her relationships, fame and what she thinks of her public image. (Vogue UK)

Stella McCartney leads the British Fashion Awards 2012 with three nominations. McCartney is nominated for Best Designer, Best Fashion Brand and Best Red Carpet Award. In the Models category, FashionTV’s Model of the Week models Cara Delevingne and Jourdan Dunn, will go head to head for the prize. (Telegraph)

American fashion stylist and designer, Rachel Zoe, seems to be taking a step back with her clothing line. The Bravo TV star has been rumored to take her name off the list of London Fashion Week, since her clothing line has reportedly been a disappointment in several American department stores. (Huffington Post)

After conquering Vogue Italia in August, Lana Del Rey lands the cover of Vogue Australia’s October issue. While the rest of us are gearing up for the Fall season, the singer was styled in clothing for Spring! (Styleite)

Closing our list of fashion highlights for this week is Taylor Swift’s new video, which was released this week and is getting tons of views each day. It has already neared five million views. In the video, Swift introduces several outfit changes, from ridiculous pjs to a great floral dress at the end. Take a look:

First look at Scarlett Johansson and Jessica Biel pictures from the set of Hitchcock. The two will perform opposite Anthony Hopkins and Helen Mirren in the upcoming film, showcasing great looks from classic Hollywood glamour era. (Hollywire)

After infamous scandals this year, Prince Harry turns up on top as he's labeled ‘Man of the Year’ by Tatler and appears on the magazine's cover. The royal gone bad is referred to as ‘Dirty Harry’ by the glossie, appearing in his finest military gear. (Huffington Post)

Rihanna’s new campaign for her Nude fragrance is not so nude after all. After previously leaked photos from the same shoot, it seems that the final version of the ad is a bit more toned down than expected. (MTV Style)

Yves Saint Laurent is missing over 400 personal drawings. The designer’s long-term partner Pierre Berge, claims the journal was allegedly taken for the Paris apartment that they used to share. The item includes approximately 300 sketches, many of which were erotic. (Vogue UK)

Nicole Kidman covers Harper’s Bazaar US’s November issue, posing in front of Terry Richardson’s camera in an amazing golden Emilio Pucci dress. Inside, Kidman returns to speaking on Tom Cruise and sexuality. (Refinery 29)

Why? Where? What’s the Mystery?

Closing our list of weekly highlights, three teasers have sprung out this week on Chanel’s YouTube Channel for the highly anticipated Brad Pitt $7 million appearance for the Chanel No.5 campaign. The answers to all of these questions will be revealed October 15, when the full commercial is set to launch. Take a look:

Lena Dunham lands her first major fashion magazine cover, featured on the cover of i-D’s “Wise Up” issue. The creator of hit TV series ‘Girls’ seems to be getting bigger and bigger in the fashion industry, featured on more covers than several super models this year with covers on ASOS Magazine, L Magazine and New York. Check her Miley-inspired chop! (MTV Style)

Christopher Kane parting ways with Versus. The Scottish designer states that he is really excited about the new direction for Versus, but his main focus right now will be on his own Christopher Kane label. Meanwhile it is said that Donatella Versace will design the brand's new line. (Styleite)

W Magazine’s new December issue will feature the extraordinary talented actress Marion Cotillard. After starring in blockbusters such as Inception, Midnight in Paris and The Dark Knight Rises, Cotillard stuns in a Christmassy ‘Red Hot’ appearance in an architectural red coat and metallic belt. (Huffington Post)

FashionTV and Diamonds go together like a wink and a smile, and that’s why we loved Rihanna’s ‘Diamonds’ single! But the new remix featuring Kanye West is a whole new level of music glitter. (Refinery 29)

The American Music Awards 2012 was one of the biggest events of the week, showcasing several great red carpet appearances, with a distinct sparkly golden theme worn by Heidi Klum, Taylor Swift, Elisha Cuthbert and Hayden Panettiere. Review the hits and misses of the awards ceremony. (CeleBuzz)

Closing our list of fashion highlights of the week, here is a great new video from R.E.M featuring Lindsay Lohan also directed by James Franco. R.E.M actually broke up around a year ago, but this new video ‘Blue’ was just released. In the video Lindsay poses in front of mega photographer Terry Richardson. Take a look: