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Must Read: Alber Elbaz Laments the Fast-Paced Nature of Fashion, Hearst to Launch Product Site

And Zara's founder, Amancio Ortega, was briefly the richest man in the world on Friday.
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These are the stories making headlines in fashion this Monday.

Ali Michael and Marcel Castenmiller star in BB Dakota video
For BB Dakota's latest video, model Ali Michael stars as a straightlaced — but sexy — librarian, who meets and subsequently makes out with a mysterious stranger played by freelance photographer/model Marcel Castenmiller. Even though it's about escaping constraints and living life to the fullest, it's bittersweet considering that Michael and Castenmiller, who were real-life couples at the time of filming, are no longer together. Sad face. {YouTube}

Alber Elbaz laments the fast pace of fashion
At the 2015 Fashion Group International's Night of Stars event on Thursday, designer Alber Elbaz gave a 16-minute speech after accepting the Superstar award from presenter Meryl Streep. During the speech, Elbaz touched on some of his frustrations with the industry, including the fact that "designers started as couturiers with dreams, with intuitions and feelings," but were now reduced to "image-makers," with "loudness" being the main point of every look. The designer, himself, prefers "whispering." {WWD}

Hearst to launch dedicated shopping site
Later this week, Hearst will unveil a full-focus shopping site,, run by executive director Patrick Varone. The point isn't to compete with Amazon, but rather, to help consumers decide what to buy in nine different verticals, including fashion and beauty. Headline examples include "10 Best Smart Watches You Can Buy Now" and "10 Best Star Wars Toys Your Kids Need Now." Being a new site without any affiliation to previous existing Hearst magazines, won't be limited by an editorial point of view, the company says. {Digiday}

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Rihanna was spotted with blue hair at a recent concert
In honor of National Breast Cancer Awareness Month, Rihanna performed at the 2015 "We Can Survive" concert in Los Angeles, where the singer was spotted with blue hair. Yes, she looked amazing as usual. {BuzzFeed}

Stampd to add womenswear
It's been a busy year for Stampd Creative Director Chris Stamp. The label just launched a collection with Puma, wrapped up a collaboration with GQ and Gap, and is now preparing to launch its first womenswear collection. {Esquire}

Fendi unveils new headquarters in Rome
After working on the space for the past year, Fendi unveiled its new headquarters at the Palazzo della Civiltà Italiana in Rome, a 75-year-old marble building that has barely been used since World War II. The first floor will be open to the public and will be dedicated to special exhibitions. The first exhibit, "Una Nuova Roma. L'Eur e il Palazzo della Civiltà Italiana [A New Rome. The Eur and the Palazzo della Civiltà Italiana]," will be on display until March 7, 2016. {WWD}

Zara's Amancio Ortega briefly becomes the world's richest man
Zara's founder, Amancio Ortega, briefly overtook Bill Gates to become the richest man in the world on Friday with a fortune of $79.9 billion. Due to euro fluctuations later on in the day, Gates came back on top with Ortega trailing behind at $78.5 billion. The notoriously reclusive 79-year-old holds a 59.3 percent stake in Zara. {Reuters}

Costume designer Salvador Perez partners with
If you're going as Dr. Lahiri for Halloween, we have some good news: Salvador Perez and have partnered up for a limited-edition collection of coats, which will be featured throughout season 4 of "The Mindy Project." The collection will launch on Oct. 27 at noon ET and will be available here. {Fashionista Inbox}

Homepage photo: Jim Spellman/Getty Images