Coty

This past summer, we posed the question, "Is nail polish dying a slow death?" Five months later, we have a definitive answer: Yes -- and faster than we realized.

Erin Heatherton is breaking up with her agency. The model (and former Leo DiCaprio flame) is leaving Marilyn for IMG. {WWD} If ever there were a high fashion comic book, it would probably look a lot like Tom Ford's F/W 2013 ads. {Style.com} Miranda Kerr is topless and wearing granny panties on the cover of Vogue Korea's July 2013 issue. So, it's actually one of her more-covered up shoots. {Fashion Gone Rogue}

With Coty's IPO imminent, Michael Kors doing gangbusters on the stock market and Fifth & Pacific selling shares via Facebook, we've never been more compelled to personally invest in the fashion and beauty brands we love. But before you go nuts on an E-Trade, here's a little tutorial. I've consulted Hitha Prabakhar and Brian Sozzi—two analysts who know a lot about the stock market, but also a lot about fashion and retail—on how to invest in a smart way.

Coty's IPO is moving forward nicely: The beauty behemoth's initial public offering is now said to be valued at $1.22 billion, almost double what it was originally reported to be worth.

Lady Gaga, who has been teasing us with mysterious little soundbites (blood! semen!) about her perfume for over a year now, is finally releasing the damn thing, and this morning we have all the details about what is definitely a unique and innovative fragrance. While this crowded, yawn-inducing, cutesy-bottle world of celeb fragrances often makes our eyes glaze over, we're actually excited about this launch. From the fragrance to the bottle to the marketing blitz that's planned, Gaga has sort of outdone herself on this one. So here's everything you need to know, according to a long and meaty profile in WWD today: