Departures: Net-a-Porter announced that its founder, Natalie Massenet, is leaving the company a month before its finalized merger with Italian competitor Yoox. Massenet also reportedly sold her shares in Net-a-Porter and walked away with a cool £100 million (roughly $153 million).
Going Solo: After a decade of working for websites like Style.com and GQ.com, photographer Tommy Ton has launched his own website, which will soon feature more than 15,000 of his photos. The site allows visitors to sort by color, brand, trend and subject.
A New Beginning: Speaking of Style.com, the website completed its migration of runway images to its new home, VogueRunway.com, where readers have access to over 1 million show images dating back to September 1999.
Peacocking: As expected, Miley Cyrus brought out all the big guns — even enlisting the help of Donatella Versace — for her numerous costume changes for the VMAs. And, also as expected, we ranked them them in order of craziness.
Apple, What's Good?: It's no surprise that Apple loves snatching execs from the fashion industry, but on Tuesday, LVMH announced that it's bringing on Apple's Ian Rogers as the luxury conglomerate's first chief digital officer. Well played, Mr. Arnault.
Suck, Cover, Prevent: Lululemon launched several new styles of pants on Tuesday, consisting of five different sensations: "Relaxed," "Naked," "Held-in," "Hugged" or "Tight." As the names of the styles suggest, some will feel light-weight while others will provide extra support in all the right areas.
Stepping Down: Asos founder Nick Robertson announced that he'd be stepping down as the CEO and staying on as a non-executive director. Nick Beighton, who joined the company as chief financial officer in 2009, will be taking over as CEO.
Brick and Mortar: After testing the waters with an L.A. pop-up and a temporary "fit shop" in San Francisco, CEO Matthew Kaness announced that ModCloth will be looking to open its first permanent store in 2016.
A New Hire: Former Lucky Beauty Director Jean Godfrey-June will be joining Goop as its beauty director, a new role for the company. Smart move, Paltrow.
Homepage photo: Kevin Winter/Getty Images for MTV