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Must Read: Amy Schumer Covers 'GQ,' Sam Smith Is the New Face of Balenciaga

And media conglomerate IMG has acquired The Wall Group.

These are the stories making headlines in fashion on Wednesday.

Sam Smith fronts Balenciaga campaign
Sam Smith, fashion star? After making his first fashion week appearance this February — at Burberry — Smith announced via Instagram that he will soon appear in Balenciaga's fall 2015 menswear campaign. This is the musician’s first collaboration with a fashion label. {Instagram}

Amy Schumer covers August GQ
It's not every day that someone channels Princess Leia on a magazine cover, but then again, it's not every day that comedian Amy Schumer covers GQ. In the accompanying spread, the star of "Trainwreck" and "Inside Amy Schumer" gets risqué with some of the most iconic characters of "Star Wars," including Chewbacca and C-3PO. {GQ}

IMG acquires The Wall Group
IMG announced that it has acquired the The Wall Group, a 15-year-old artist management and consulting agency that represents stylists, hairstylists, makeup artists, and other creatives based in New York, Paris, London, Paris and Los Angeles. The Wall Group will continue to operate as a separate entity. {Fashionista inbox}

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Kate Moss and more pose for Greenpeace campaign
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Dov Charney sued for breach of contract
More bad news for Dov Charney: The founder and former CEO of American Apparel is being sued by Standard General, which initially joined forces with Charney in an attempt to regain control of the company in June of last year. The lawsuit claims that Charney has yet to fulfill promises made to the hedge fund and is seeking an injunction to stop his "destructive actions" against the firm. {Reuters}

Betsey Johnson to launch girls collection
On the heels of her collaboration with dancewear brand Capezio, Betsey Johnson announced that she will launch a girls collection — her first — this fall. Betsey Johnson Kids will offer a range of clothes for toddlers to preteens with plenty of Johnson's signature kitsch. {WWD}

H&M sales rise 14 percent in June
H&M continues to grow at a steady clip, reporting a 14 percent sales increase for the month of June.  The retailer will report its July sales figures on Aug. 17. {WWD}

Homepage photo: GQ