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Must Read: Karlie Kloss Returns as the Spring Face of Topshop, Get to Know Gucci's New Go-To Photographer Glen Luchford

Plus, Karl Lagerfeld and Hedi Slimane photograph each other for the latest issue of 'V' Magazine, guest edited by Lady Gaga.

These are the stories making headlines in fashion this Monday.

Topshop encourages shoppers to "Be More Karlie in 2016"For its spring campaign, Topshop has brought back model Karlie Kloss — eight years after the 23-year-old first debuted as a face of the brand. In the interview, titled “Be More Karlie in 2016,” the NYU student talks about coding ("the language of the future"), exercising (she "used to hate running") and memories from her first Topshop campaign. Apparently, her grandmother brought her over from St. Louis for the shoot. Aww! {Topshop}

Karl Lagerfeld and Hedi Slimane photograph each other for V Magazine
For V Magazine's latest issue, guest editor Lady Gaga had Karl Lagerfeld and Hedi Slimane photograph one another for the cover and the accompanying editorial. In a rather grandiose statement, Gaga said she "wanted nothing more than to have one story, just one, that my children and the future of fashion would remember forever." As he reminds readers, Lagerfeld famously went on a diet so that he could wear Slimane's clothes back when the younger designer was at Dior Homme. {V}

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BoF profiles Gucci's go-to photographer Glen Luchford
In 2015, Glen Luchford photographed roughly 14 campaigns for nine brands, including the rebranded Gucci. On Creative Designer Alessandro Michele, Luchford stated: "He really unshackles you and encourages you to go further." Aside from Gucci, Lunchford’s credentials include shooting editorials for The Face, Vogue Paris and British Vogue, as well as campaigns for Prada, Tod's and Calvin Klein. {The Business of Fashion}

Bar Refaeli announces her pregnancy
Recent newlyweds Bar Refaeli and Adi Ezra announced that they're expecting their first child over the weekend via an Instagram photo of a positive pregnancy stick. The Israeli model captioned it with "2016 is going to be like… (baby emoji) (baby bottle emoji)." {Instagram}

What the current retail climate might mean for brands, equity firms and strategic buyers
Despite a tough climate for fashion retailers, 2016 might be an exciting year for strategic buyers and private equity groups. (Private equity firms generally tend to buy companies they can improve, but sell years down the road.) According to WWD, continued comparable-store declines, along with already weak holiday sales, might push retailers' boards towards that general direction. {WWD}

What is "failure" in the fashion industry?
In a brutally honest interview, writer Anja Aronowsky Cronberg talked to several industry figures, including Steven Kolb, Glenn O’Brien, Thom Browne, Tim Blanks and Nicole Phelps, on what defines success (and failure) in the fashion world. Some topics of conversation include Alexander Wang's split with Balenciaga, the fall of Band of Outsiders, the actual importance of fashion reviews, mass media, the corruption of fashion and art, LVMH and Kering, and more. The full chapter will be available in the print edition, to be released this month. {Vestoj}

Homepage photo: Karlie Kloss for Topshop