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Jared Leto Rocks Chanel, Michael Kors Sees the End of Fast Fashion, Standard General In Talks With American Apparel

And Karlie Kloss does squats in a spinning mirrored closet for Donna Karan's fall campaign video.

There is only one man who can co-opt clothing from a Chanel women's collection and rock it in public with total confidence. His name is Jared Leto. The "Dallas Buyer's Club" star borrowed a pair of boots and gold tweed jeans from Chanel's Dallas collection, tossed on a chambray shirt — maybe shampooed those ombre locks of his, whatever — and headed out to Chanel's Haute Couture show Tuesday. Casual. {Telegraph}

Tyra Banks may have made a splash in the Wall Street Journal with her, erm, interesting thoughts on the future of beauty, but the newspaper also turned to Michael Kors for his perspective on the coming years in the fashion biz — and they are somewhat more measured. One of Kors's predictions? The death of fast fashion in favor of a move toward better quality clothing. Hey, that's one trend we can get on board with. {WSJ}

Today in the American Apparel saga, the hedge fund Standard General, which owns 43 percent of shares in the company, confirms that it is in talks with the retailer to fix its finances and rework its board and management team. Failing that, Standard General says it might look to win board seats regardless. Meanwhile, Lion Capital is still demanding that American Apparel repay its $10 million loan. {WSJ}

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