It's really rough doing this kind of research.

Alexandra Wilkis Wilson has a new baby.

Gilt. Hewlett-Packard. Michael Bastian. Design dream team?

Rumors have been circulating for a while that Victoria's Secret was cutting ties with one of its most famous Angels, Miranda Kerr. As recently as last month, reports surfaced that she'd been dropped from the upcoming Victoria's Secret Fashion Show for being "difficult." Well, at last night's launch of Stuart Weitzman's line of 50/50 boots for Gilt, the Australian supermodel confirmed that she won't make this year's runway--but definitely not because she wasn't asked.

Gray is the new black... so says Rihanna, who has just given her hair an allover granny makeover. {Daily Mail} My-Wardrobe founder Sarah Curran opens up about stepping down from the company and shares what "fashion projects" she's working on next. {Vogue UK} French Connection brings new meaning to the concept of a nude sketch for the brand's latest inventive fall campaign, shot by the iconic Rankin. {Grazia} If you think you're getting anxiety from waiting for the royal baby, then you haven't read these tweets from desperate journalists who stand waiting for news on the tarmac of Kate Middleton's hospital parking lot. {The Cut}

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}

You better start using those Groupons you picked up (or else start buying more) because the company is in some trouble. As of yesterday, the company's stock was down 54.9% since November, which is when it went public, according to WWD. While it seems like everyone I talk to is always crowing about the amazing Groupon deal they got, it turns out that the model is not so great for retailers. And in the long-term, flash sales sites--which have also faced issues--will have better longevity in the long haul because of their benefit to both retailers and shoppers. Here are the issues in a nutshell:

By now, we've all heard (almost ad nauseum) how Pinterest is the fastest-growing website and how more and more brands are scrambling to monetize on the exploding social media platform. But will Pinterest actually drive sales? Sure, the platform's got millions of users and boatloads of products are being pinned and re-pinned by the minute--but is any of that actually leading to an increase in sales profits? For now, it's probably too early to tell but The Telegraph's Julian Green argues that Pinterest's current structure, which allows pinners to curate their own boards in a way that makes sense to them but not necessarily a marketing exec, will be a huge hurdle. "For Pinterest to be successful in encouraging buying, they would need to connect the collection of images to the catalogue of products," he writes. "This is hard to do."

The fashion industry has teamed up with New York City for some serious job recruiting efforts: If you have a passion for the business of fashion (and you're a graduating college senior), start dusting off your resume and choosing your interview outfits. The New York City Economic Development Corporation (NYCEDC) and Parsons the New School for Design just launched a program called Fashion Draft NYC. The goal of the program is to put exceptional candidates in front of some of the biggest fashion companies around, with the goal of hiring and keeping the industry in NYC viable and vibrant. If you're one of the 25 to 30 applicants chosen for the program, you'll be flown to NYC from February 16-18 (room and board included) and will have the opportunity to meet with reps from companies like Macy's, Theory, Bloomingdale's, LF USA, and Gilt. There will be networking opportunities, industry speakers, and behind-the-scenes tours. The best part?

Topshop Pulls Skinny Model from Ads: Model Codie Young caused a ruckus for appearing too skinny in images on Topshop’s website. Some eating disorder activists complained. Codie is pissed and says she’s just naturally skinny. {DailyMail} Christy Turlington Was the Responsible Model and Naomi Campbell Wasn’t. Shocker!: Model agent Carole White talks about the supermodel heyday when she represented Christy, Naomi, and Linda. Carole said, “Christy was a dream, very professional and calm, whereas Naomi was less disciplined and used to get me into trouble.” Why are we not surprised. {Telegraph} Fashion Law Gets Some Attention: Read an interview with Charles Colman, who is an expert in the burgeoning field of fashion law. He represented WTForever21 in that recent hoopla. {AboveTheLaw}

Prada’s Stock Officially Goes Public: Want to own a piece of Prada? Its IPO will take place June 23 or 24 before it trades on the Hong Kong stock exchange. We wonder if shares come with a free bag. {WWD, subscription required} Woody Allen + Dior?: Woody Allen’s new film Midnight in Paris is full of high-end French luxury brands, like Goyard and...Christian Dior? One can only assume that the goods were given to the film before the Galliano scandal, or that Allen can easily dissociate the designer from the brand, which should make Dior very happy. {PageSix} Sarah Ferguson Speaks and Says Some Weird Shit: Like that her husband, Prince Andrew, who she divorced in 1996, is her soulmate. And that she had to have her daughter, Beatrice, talk to the Harper’s Bazaar people to help them deal with her mum’s “freak out.” Her new reality show on OWN may get a place on our DVR. {Harper’s Bazaar} The Lady Gaga Dress on Gilt Sold in Seconds: For $20,000. So don’t be sad, because you couldn’t have afforded it anyway. {The Cut}

Lindsay Pulls A Winona? A $2,500 one-of-a-kind necklace went missing from a Venice, CA jewelry store in late January and *gasp* Lindsay Lohan is under suspicion as the thief. It’s unclear why Lindsay was named as a culprit, but the necklace magically appeared at an LAPD station before police obtained a search warrant to search her home. {People} Diane Kruger Is Not An Impulse Shopper: Continuing our trend of celebrities who don’t spend money (see Keira Knightley yesterday), today we learn that Diane Kruger took six years debating about whether to buy an Hermes Constance bag, which she has wanted her whole life. After she signed with Calvin Klein she decided the time was right. “I truly broke a sweat when I paid for it,” she told Vogue UK. {VogueUK} Glamour Just Got A Little More Glamorous: Anne Christensen is Glamour’s new fashion editor, and her mark will be obvious in the upcoming March issue of the mag (and yep, that’s Diane Kruger on the cover). Bruce Weber shot some editorials and there are 17% more fashion pages (we’re assuming they’re not “Do’s and Dont’s"). The April issue will have 26% more fashion pages than last year’s, WWD reports. A Tumblr and more street style are also in the works. {WWD, subscription required} Nicole Richie Is Gilt-y: Gilt has teamed with Nicole Richie to sell her (full price) lines, House of Harlow 1960 and Winter Kate; it's up on the site now. The sale ends Sunday at midnight. Check out the video interview with Nicole Richie on the site. {Gilt}

We're done gawking at Balmain's obscenely priced t-shirt, but today we kept shouting, "What?!" 1. Socks in shoes. This is like troempe l'oiel clothi