News muse

The market for renting a dress ($50) in place of buying it full-price ($1000+) is expanding, fueled by website Rent the Runway. [WWD]

Isabel and Ruben Toledo (of Lady Obama’s inauguration outfit fame) are designing a small summer collection of bathing suits, sarongs and t-shirts for Target. More high-low collections, please. [T Magazine]

It’s the 10th anniversary of Balenciaga’s First bag, and its updated version comes in leopard print pony skin. Just as coveted now as it was then. [New York Times]

Personal newsworthy events: Acne is opening a new (gorgeously decorated by Helmut Lang) store in London and the Mulberry Alexa is being released in two new shades! [InStyle UK]

CFDA/Vogue Fashion Fund finalists are announced! Check out the list of incredibly talented nominees – previous winners include Alexander Wang, Proenza Schouler and Sophie Theallet; you know these names are going to be huge. [The Cut]

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