Fashion News Roundup: Rag & Bone is Launching Handbags, Alexa Chung Strikes Back for Being Called 'Too Skinny,' and Angelina Jolie's Engagement Ring Probably Cost $1Million

Rag & Bone to Launch Handbag Line: Rag & Bone plans to bring us more lustworthy wares this fall. The brand announced that they will be adding a handbag range to their already popular line. If they're anything like their covetable footwear, our credit cards are in big trouble. {Racked} Alexa Chung Is Not Trying to Be 'Thinspo': After posting a photo in which she looks particularly thin, Alexa Chung's Instagram account was barraged with comments about her weight from several of her followers. One person said; "I'm going to be very honest. I look at this picture and think 'This is a woman not eating.'" She responded: "Ok everyone thanks for the teen angst discussions. People are different sizes. I'm not trying to be thinspo for anyone" and proceeded to make her Instagram account private. {Telegraph} Barack Obama to Throw Fashion Fête in Chicago: To support the Runway to Win initiative, the President is throwing an event in his native Chicago for the fashion elite. Anna Wintour and Iman will host the affair, which Marc Jacobs, Jason Wu, Prabal Gurung, and other notables are expected to attend. Just make sure our invitation doesn't get lost in the mail, okay Mr. President? {Refinery 29}
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Rag & Bone to Launch Handbag Line: Rag & Bone plans to bring us more lustworthy wares this fall. The brand announced that they will be adding a handbag range to their already popular line. If they're anything like their covetable footwear, our credit cards are in big trouble. {Racked} Alexa Chung Is Not Trying to Be 'Thinspo': After posting a photo in which she looks particularly thin, Alexa Chung's Instagram account was barraged with comments about her weight from several of her followers. One person said; "I'm going to be very honest. I look at this picture and think 'This is a woman not eating.'" She responded: "Ok everyone thanks for the teen angst discussions. People are different sizes. I'm not trying to be thinspo for anyone" and proceeded to make her Instagram account private. {Telegraph} Barack Obama to Throw Fashion Fête in Chicago: To support the Runway to Win initiative, the President is throwing an event in his native Chicago for the fashion elite. Anna Wintour and Iman will host the affair, which Marc Jacobs, Jason Wu, Prabal Gurung, and other notables are expected to attend. Just make sure our invitation doesn't get lost in the mail, okay Mr. President? {Refinery 29}
photo: Alexa Chung

photo: Alexa Chung

Rag & Bone to Launch Handbag Line: Rag & Bone plans to bring us more lustworthy wares this fall. The brand announced that they will be adding a handbag range to their already popular line. If they're anything like their covetable footwear, our credit cards are in big trouble. {Racked}

Alexa Chung Is Not Trying to Be 'Thinspo': After posting a photo in which she looks particularly thin, Alexa Chung's Instagram account was barraged with comments about her weight from several of her followers. One person said; "I'm going to be very honest. I look at this picture and think 'This is a woman not eating.'" She responded: "Ok everyone thanks for the teen angst discussions. People are different sizes. I'm not trying to be thinspo for anyone" and proceeded to make her Instagram account private. {Telegraph}

Barack Obama to Throw Fashion Fête in Chicago: To support the Runway to Win initiative, the President is throwing an event in his native Chicago for the fashion elite. Anna Wintour and Iman will host the affair, which Marc Jacobs, Jason Wu, Prabal Gurung, and other notables are expected to attend. Just make sure our invitation doesn't get lost in the mail, okay Mr. President? {Refinery 29}

DIY Pastel-tipped Sunglasses: Don't have the cash to cop one of Prada's pastel-tipped Spring 2012 frames? Fabsugar tells you how to get the look using a pair of shades and a bottle of nail polish. {FabSugar}

Christian Louboutin Doesn't Care if it Hurts to Walk in Heels: We're all well aware that the non-siletto wearing Christian Louboutin doesn't make his shoes for comfort. But as for the millions of women who have felt like chopping off their feet after standing for hours in six-inch heels, Louboutin tells Grazia; "High heels are pleasure with pain. If you can't walk in them, don't wear them." {Daily Mail}

Angelina Jolie's Engagement Ring Wasn't Cheap: The Brad Pitt-designed 10+ carat sparkler is worth an estimated $1 million according to one expert-- but who can put a price on true love? {People}

Take a Sneak Peek at The Louis Vuitton/ Marc Jacobs Book: Teen Vogue's got a first look at Rizzoli's new book chronicling the history of the luxury brand, and how Marc Jacobs has revitalized it over the past 15 years. {Teen Vogue}

Tracy Reese's Sally Hansen Nail Polish Range is Pretty Perfect: Tracy Reese has once again teamed up with Sally Hansen for a limited edition collection of springtime nail colors. Each shade is inspired by her Spring 2012 offerings, and the pastels and corals are so what we need on our nails this season. And at $7.99 a pop, there's no excuse not to pick up a bottle. {SHEFinds}

Aquascutum Files For Bankruptcy: The British luxury brand has entered "Administration," which is the UK's equivalent of Chapter 11 Bankruptcy. The folks over at Acquascutum released a statement today, saying; "The challenging conditions in the U.K...[have] unfortunately meant that the team has been unable to successfully turn the business around, which has ultimately resulted in its administration. The board hopes that under [the administrators] the business will be disposed of successfully.” {WWD subscription required}