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Must Read: Olivier Rousteing Wants to Lower Balmain's Prices, Time Inc. Acquires 'Hello Giggles'

And photographer Terry Richardson is reportedly expecting a baby.

These are the stories making headlines in fashion on Monday.

Kristen Stewart stars in Mario Testino's "Towel Series"
Kristen Stewart is the latest subject of Mario Testino's ongoing Instagram project, "Towel Series." She's nude, but tastefully covered up. {Instagram}

Olivier Rousteing wants to lower the price point of Balmain
WWD caught up with Olivier Rousteing while the designer was prepping for Tuesday's Balmain x H&M runway show. Perhaps inspired by his collaboration with the fast-fashion retailer, the designer stated: "I'm pushing to put the prices down at Balmain... Now that I'm pretty well-established, I can push. Before I was the Balmain baby and now Balmain is my baby." {WWD

Terry Richardson is reportedly expecting a child
According to multiple (unnamed) sources, photographer Terry Richardson is expecting a child with former assistant-turned-girlfriend Alexandra Bolotow. Bolowtow, who's known Richardson for 10 years and appeared in his book "Kibosh," is apparently three or four months along. {Page Six}

Stylist Kate Young on Selena Gomez's recent transformation
What's the secret behind Selena Gomez's style? That would have to be stylist Kate Young, who over the past year has crafted a look for Gomez that is, in her words, "young, modern, clean, and sexy without ever being fussy." {Vogue}

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Time Inc. acquires Hello Giggles
Time Inc. has acquired Hello Giggles, a pop culture website co-founded by Zooey Deschanel, Sophia Rivka Rossi and Molly McAleer in 2011. Hello Giggles will continue to operate in LA with Rossi staying on as CEO and Deschanel as chief creative officer. {Fashionista inbox}

Rihanna speaks to Vanity Fair
Vanity Fair's full interview with its cover star Rihanna is now available online. The singer opens up about nudity, her public persona, Eminem and Chris Brown. {Vanity Fair}

MoMA PS1 adds more fashion to its lineup
MoMA PS1 now includes the works of fashion designers Susan Cianciolo, Mary Ping of Slow and Steady Wins the Race, and Mike Eckhaus and Zoe Latta of Eckhaus Latta in its exhibition "Greater New York," on display through March 7, 2016. {Vogue}

Teen Vogue profiles Lorde's younger sister
Sixteen-year-old India Yelich-O'Connor, the younger sister of Lorde, has come under the Teen Vogue lens. In an interview, the younger sister talks about borrowing clothes from Lorde, her future ambitions (also in entertainment) and attending school. Apparently, she's into English and Greek mythology. {Teen Vogue}

Homepage photo: Pascal Le Segretain/Getty Images