Plus, Halston sells diffusion lines, Alibaba fights fake goods and Wet Seal may be the next teen retailer to close.

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When fashion glossies do cover stories about Sarah Jessica Parker, they tend to focus on her ability to juggle so many different careers. And her latest, for the September issue of Harper's Bazaar, is no exception. However, it was written by Cathy Horyn and thus unsurprisingly hones in on her fashion career, including how she nabbed that rare Manolo Blahnik shoe line, and what happened at Halston.

The assortment that Frida Giannini delivered for resort was proof-positive that there are indeed two sides to every story. To wit: Her sartorial love letter to the disco era. At times it drew from that tradition of languid American sportswear, made iconic by both Halston (on the Studio 54 dance floor) and Bill Blass (on the shoulders of Park Ave.'s Uptown set); at others it spoke to the spirit of those hedonistic babes flitting about on the other side of the pond in Celia Birtwell's gregarious prints, Biba's earthy-sensual frocks, and all form of Fiorucci's cheeky chic.

Naeem Khan is one of the very few designers who can say he's dressed Michelle Obama—and Lady Gaga—for high profile events. There's no doubt Khan excels at creating red carpet dresses for women of all shapes and sizes to wear—but make no mistake, there's a lot more to the Indian-born, American-based designer than just intricate bead work (though, certainly, there is that too). At last night's Fashion Talks at the French Institute Alliance Française (FIAF), Khan sat down with Pamela Golbin, the Chief Curator of Fashion and Textiles at Les Arts Décoratifs in Paris, to talk about everything from his Indian roots, to working for Halston—and of course dressing the First Lady.

Halston has had a rough go of it in recent years. Once one of the it-labels in the US, it's gone through countless owners, designers and reinventions, none successfully. Not even Harvey Weinstein and Sarah Jessica Parker could make it work. So, could a new team in new fashion capital Los Angeles be its saving grace?

When H&M announced its latest designer collaboration with Maison Martin Margiela, we'll admit we were a little surprised. Margiela is so avant-garde, so cult-y, and with little name recognition (OK, more than a little thanks to Kanye) we'd have figured them the last brand to do a collaboration with a mass retailer. But then again, H&M got Karl Lagerfeld to do a line for it in 2004, and then, somehow, the retailer convinced the most reclusive and enigmatic of designers, Rei Kawakubo, to do a Comme des Garcons collaboration in 2008. So maybe it's not so surprising that Maison Martin Margiela is doing a mass collab--maybe it's even obvious. It seems like every major designer has done a lower-priced collaboration with any number of mass retailers recently.

We may or may not have shed a tear during Kristen Wiig's "Ruby Tuesday" send-off that capped this weekend's Saturday Night Live season finale. Saturda

Those of you who didn't get to catch the buzzed about Halston documentary at the Tribeca Film Festival earlier this year will have several opportunities after Christmas. The On Demand and theatrical release dates for Ultrasuede: In Search of Halston have been revealed exclusively to Fashionista.

Is Nicole Richie the New Face of Halston?: The reality TV star turned fashion designer is rumored to be in talks with Halston to represent the brand. We think Richie's 1970s cool-girl aesthetic is a perfect match for Halston. And she has been wearing a lot of Halston lately. Let's hope this comes to fruition! {Grazia} Watch the Prada Spring 2012 Tokyo Runway Show From A Blogger's-Eye View: Susie "Bubble" Lau, Bryanboy, Diane Pernet of A Shaded View on Fashion Film, and Rumi Neely of Fashion Toast live-streamed the Men's and Women's Prada Spring 2012 shows from their seats at the Tokyo Show. Try to contain your jealousy as you check out each blogger's site/Twitter/FB for their take on their time in Tokyo with Prada. {Fashionista inbox} Model/Blogger Lauren Scruggs Hospitalized After Propeller Plane Accident: The ex Gossip Girl wardrobe department intern and current editor at LOLO, injured the left side of her body as she was walking out of a propellered airplane. She sustained injuries to her shoulders, head, face, and hand which was amputated. We wish her a full recovery and have her in our thoughts and prayers. {The Hollywood Reporter}

more This week, our favorite looks from the red carpet were black and white and cinched at the waist. Emma Watson and Jessica Alba kept things prim an

And the musical chairs continue. Former BCBG Max Azria Group president Ben Malka is Halston's new chairman and CEO, WWD is reporting. Malka, a former medical student, brings 16 years of experience in the trenches at BCBG, including a close relationship with Bloomingdale's. According to the trade, Bloomie's will carry Halston Heritage for the first time this fall. Not a bad score for a brand that's had a hard time re-establishing an identity. Halston is still without a creative director for its designer collection since Marios Schwab's contract wasn't renewed, but there's speculation that Marie Mazelis, the former creative director of BCBG, may come on board at Halston.

Claudia Schiffer Looks Amaaazing On The Cover Of German Vogue: She casts eyes at us from under a black lace mask and we are struck with envy at her absolutely flawless waves (and lips and skin and everything because she's Claudia and she's perfect...). This image rocks. {Models.com} Undercover Will Be Uniqlo's Next Collaboration Line: Uniqlo sent out a press release heralding Jun Takahashi's Undercover as their next collaboration line, which will take the place of +J (so sad). No details yet, but we have awhile; the line won't be out until Spring 2012. {The Shophound} Topshop Adds An Eveningwear Line And Is Building A Vegas Store: Called Dress Up, the new line is comprised of "elaborate, embellished pieces in fine silks and satin with beading and sequins" to target the "going out" market, says director Philip Green. It will do well in the sequin capital, Las Vegas, where they have a store coming in March 2012. Other future store plans include Chicago and Toronto, plus ones in Brazil, Australia and Mexico. {Racked}

Usually, it’s editorial shakeups that get us all confused and inspire us to create befuddling charts and guides to recap and (at least attempt to) make sense of movement within the fashion industry. Lately, however, it seems that most of the movement is taking place at big fashion houses. Whether it’s the economy or designers getting burnt-out, it seems like a top level position opens (or gets filled) every week. From Galliano's exit from Dior to Marios Schwab's from Halston (which happened so recently we didn't have a chance to include it), here’s our little visual guide to the recent ins and outs at major fashion houses.

WWD reports Harvey Weinstein and Marios Schwab are out at Halston, following news earlier this week that Sarah Jessica Parker was also exiting the company. (Former CEO Bonnie Takhar, who was part of the Parker/Weinstein group, left late last year.)

It was a blink and you missed it throwaway line in Sarah Jessica Parker's Vogue cover story that we admit went right over our heads (thanks to Fashionologie for bringing it to our attention)--a little phrase that essentially announced the end of Sarah Jessica Parker's relationship with Halston's contemporary label, Halston Heritage, which began in January of last year. Eve MacSweeney writes: When Sex and the City, to her own surprise, made her a fashion star, she launched her own design label and perfumes, as well as signing on to run the Halston Heritage label, a relationship that recently came to an end.

Easily one of New York's most famous icons, Edie Sedgwick made her name in the Warhol era. One of his favorites, she was often spotted at The Factory and starred in several of his short films. In truth, the early part of Edie's New York life was pretty fantastic and people all over wanted to emulate her style: leotards, chandelier earrings and a generally excessive attitude. However, as her fame spiraled upward, Edie spiraled downward into drug and alcohol abuse. After a tumultuous relationship and her career on pause, she returned to her family in California for some semblance of health and control. Shortly after being married, her addictions got the better of her and she succumbed to an overdose. Still, she's one of New York's most cherished style icons. We recommend emulating her wardrobe, not her lifestyle.