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The World's Highest-Paid Models, Kelly Osbourne Is Launching a Fashion Line

And it's shaping up to be a tough summer for European luxury brands.

Tom Ford can't seem to get enough of model Gigi Hadid, casting her not only in his fall ready-to-wear campaign and as the face of his latest fragrance, but also as the star of his newest makeup ads. {Fashion Gone Rouge}

Forbes is out with its annual Highest-Paid Models list, and Gisele Bundchen is once again at the top -- with a lot of other Victoria's Secret Angels current and past. {Forbes}

It was a bad month for European luxury retailers: According to Barclays's research team, tourist spending in Europe was down 5.7 percent year-over-year in July. The hardest hit category was jewelry and watches, down 9.3 percent. Chinese tourists still spent handsomely, up 6.7 percent over last year. {WWD}

There's been no shortage of odes to Lauren Bacall's style and influence on fashion since her passing earlier this month, but an even better tribute is in store: The Museum at the Fashion Institute of Technology in New York has announced that it will host an exhibit on her style next spring, which the former actress condoned before her death. {AP via The Cut}

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Have a major social media presence? A TV show? Then a fashion line may be in your future. The next up for that honor is Fashion Police co-host Kelly Osbourne, who has collaborated on a 13-piece collection for HSN. {Grazia}