All the fashion news you missed this week.

All the Friday fashion news you need to know.

Saks has a new owner. The department store, which has tentatively been looking for a buyer for the past few months, was acquired by Lord & Taylor parent company Hudson's Bay this weekend.

They came, they saw, they hashtagged. The annual Fashion 2.0 Awards (basically the Oscars of fashion social media) celebrates the most popular brand stars on the Web--all of whom congregated at SVA Theatre last night. Now in its fourth year, the award show presents accolades to fashion brands and their social media channels including Twitter, Pinterest, Facebook, among others, voted by the general public. Click through to see the full list of winner, plus why keynote speaker Simon Doonan thinks dogshit and social media are inextricably intertwined.

Fashion’s Night Out is tonight and it’s go-time to strategize your partying shopping itinerary. Will it be high-profile gimmicks that motivate you? Or the copious amount of free boozy beverages and sweet snacks in Soho? Perhaps you're into music. Not to throw a wrench in your lineup so early on, but how about this one for you: Hot guys and shopping.

Whitney Port, author/fashion designer/reality star, is looking for a little help from the internet to pay for her show at fashion week. Donating to he

After a five year run in New York, Preen will be hopping the pond and showing its Spring 2013 collection in London. {WWD} Dolce & Gabbana's just-debuted couture line is off to a pretty damn good start as several people literally fainted at their recent show. Though it's likely the fainting was due to the heat, we'd prefer to believe it was due to the collection's sheer beauty.{The Cut} Are you a Betty or a Veronica? MAC and Archie Comics are teaming up for a vibrant make-up collection just in time for San Diego Comic-Con, so you'll be able to look just like your favorite comic book darling. {Fashionista Inbox}

Hillary Clinton has been all over the news the last two days. No, not for some diplomatic achievement--mostly for the hilarious Tumblr "Texts from Hil

Did you watch NBC's Fashion Star last night? A lot of fashion people did and they seemed pretty disappointed. Well, that's putting it mildly. A sampling of tweets from the fashion industry sent out during last night's show: It's like watching #ProjectRunway while having a seizure. #FashionStar @NBCFashionStar - Tom + Lorenzo ‏ @tomandlorenzo #FashionStar clearly spent more on music & Nicole Richie's headbands than it did on anything else. - Heather Cocks, Go Fug Yourself ‏@fuggirls I don't think I've ever been so utterly confused watching a tv show before tonight. Wtf was that show all about anyway? #FashionStar - Jay McCarroll, designer and first winner of Project Runway, @jaymccarroll I swear I didn't plan to get so aggro about #FashionStar but it's all of our livelihoods on the line if America thinks that was real fashion - Matt Kays, fashion publicist ‏ @mattkays Reality TV, please face reality! How on earth is #Saks ok with the idea of ordering the same collections as #Macys or #hm? #FashionStar - Rachel Dodes Wortman, reporter for the Wall Street Journal ‏ @racheldodes But while the fashion industry was appalled with last night's spectacle (which is an apt descriptor considering there were models on Harleys, backup dancers and smoke machines) the show actually seems to be a hit at retail.

Burberry's relatively new makeup range, which launched last summer, has been slowly gaining a cult following. Perhaps it won't be quite so cult-y anymore, because you can finally get your hands on the line a little more easily. Previously available only at Nordstrom (which doesn't exist in NYC--please get here, Nordstrom!), you can now get it at Saks in NYC and at the retailers' website. We popped over to Saks earlier this week to check out the gorgeous collection at the shiny new counter and to get some makeup tips from Burberry's Director of Education, John Trau. In a short time, Burberry has carved out a niche for itself in the market--the brand is becoming known for its perfect neutrals. See the fall campaign at left if you need proof.

Last night, we hit the NYC streets to take in Fashion's Night Out in all it's glory. We saw lots of great stuff from Miss Piggy to Justin Bieber to The Roots. What we didn't see? A whole lot of shopping bags--which made us wonder: Does Fashion's Night Out really work? The answer is: Well, sort of. We asked a random sampling of roughly 100 people, from events spread all around the city, and found that nearly 70% of party-goers hadn't purchased anything. "We're out more to take it in, experience the night than to shop," 22-year-old student Elsa Goh told us. "It's too crazy to get into anywhere to shop," said a trio of girls in SoHo, Shala (Astoria, Queens), Juliana (Manhattan) and Wira (Harlem). For many, the night's value lies in the festivities (and free alcohol), rather than the retail opportunities. "People just come for the drinks," said Morgan Cros, a 27-year-old Brooklynite.

Watch How New Yorkers Really Feel About Fascinators: A few journalists walked around the city in fascinators asking people on the street what they thought. The responses are hilarious. {The Cut} Judges For New Project Runway All-Stars Confirmed: Model Angela Lindvall will replace Heidi Klum as host and Marie Claire EIC Joanna Coles will be the contestants' mentor, with veterans Isaac Mizrahi and Georgina Chapman returning to judge. We will miss Michael Kors though. {People} Daisy Lowe Covers Playboy Covered In Daisies: Get it? It's like, her name. The model looks really hot-girl-next-door in a PVC swimsuit spotted with her namesake flower. Though kinda awesome, this is a September issue we probably won't be buying. {Telegraph} Sarah Jessica Parker Has ANOTHER Cover?? SJP is on September's Marie Claire... this might be the oversaturation point. {Fashion Gone Rogue}

Keeping the healthy glow you’ve been working on this summer just got easier, thanks to Clé de Peau’s Fall/Winter collection, which hits stores in September. The brand’s color creator/renowned makeup artist, Lucia Pieroni, developed the latest line in hopes of making one’s skin appear bright and luminous during the colder months.

Gift-with-purchase is a beloved tactic of the beauty industry to get you to shell out an extra $15 to get that generic makeup pouch you don’t really need, filled with samples that don’t go with your complexion at all. Lancôme is raising the bar a bit this month by collaborating with Chris Benz on a gift-with-purchase that will make you seek out the Lancôme counter even if you don’t need a new Juicy Tube yet.

There are very few things that can make me blow off my Saturday morning kickboxing class (Omar teaches it. Omar is hot.) Pat McGrath demonstrating Dolce & Gabbana’s summer makeup line at Saks was an exception, so instead of pretending to kick someone’s ass this past Saturday morning, I drank coffee and watched the makeup master work her magic. Dolce & Gabbana introduced two lines for summer, with two distinctly different feelings that are nonetheless compatible.

As if this blindingly sunny NYC day wasn't enough to remind you that yes, spring is finally here, last night's park-themed soiree celebrating Stella McCartney's newest (and first) shop in Saks Fifth Avenue seemed to drive the point home. Amidst a cotton candy machine and swings, Stella-clad models mingled with guests on the astro-turfed floor, their bouquets of white and silver balloons bobbing well above the crowd's heads. And we have to say, we can't think of a more fitting way to showcase McCartney's playful motifs this season, from the confetti-like sheer dresses to the oversized, juicy-looking fruit prints. But while the mood was festive, both McCartney and co-host Liv Tyler turned serious when asked about the Costume Institute's McQueen exhibit at the Met: "The exhibition is exquisite," said McCartney "He was a good friend of mine for a long time." Tyler said. "[So the event] was very sad, but also very beautiful." She added, with a thoughtful laugh, "He would have thought that night was so, so amazing." Still, it was hard to be somber on such a celebratory night.