And family and friends of designer Jay Ott organize a scholarship in his memory.

Stop the presses! Lady Gaga stepped out in New York looking like an ACTUAL LADY. More of this, please, Gaga. {NYLON Blogs} Is it safe to call Cara Delevingne a Karl Lagerfeld muse at this point? The designer photographed the model for Numéro's September issue. {The Front Row View} As for another prominent designer-cum-photographer, Hedi Slimane lensed Sky Ferreira in these press images, featuring "ethereal and sultry" makeup by Amy Chance. Those words don't always belong together, but in this case, it's accurate. {Bernstein & Andriulli} Gah! On Kanye West's Kris episode, he'll apparently give us a look at baby North. Audience members say that North looks like Kanye, but with Kim's huge almond-shaped eyes. Smart move, Kris, making us actually want to tune in to your show (but just this once). {Daily Mail}

James Franco, renaissance man, is back with another video for 7 For All Mankind, his sixth for the denim brand. Past installments, which all feature Franco as a vampire and center on a "Hollywood Resurrection" theme, have featured Lou Doillon and Cody Horn. Next up, we've got an exclusive look at Franco's latest starring Lily Donaldson looking impossibly cool motorcycle. #hairenvy. Click through to watch the video.

Margherita Missoni is Getting Married: That's amore! The 28-year-old designer will marry race car driver Eugenio Amosnext year in Italy. Wonder if any of the party favors will end up on eBay? {WWD} Naked Kate Moss Photo Sold For Mucho Dinero:An anonymous buyer won a huge, rare photo of a young Kate Moss at auction yesterday for approximately $25,700. It was between this photo or a new car, but I decided to go the rational route. {Grazia} James Franco Gets into Advertising: Is James Franco getting career advice from K. Lagerfeld - or better yet, Don Draper? The actor/director/producer/screenwriter/perfume model/failed Oscar host can now add ad-man to his resume - he's set to direct and shoot Seven For All Mankind's multimedia campaign for spring 2012. {WWD}

In another major move at the corporate level, Gap Inc. has hired former Seven for All Mankind exec Rosella Giuliani to run the 1969 division of Gap. A