Friday Fab News Roundup!

- Peter Som bows out of Fashion Week — Vogue UK
- Trouble at Celine: Phoebe Philo clashes with management — FWD
- Tim Gunn fronts new PETA campaign — Telegraph UK
- Michelle Obama: US fashion’s one-woman bailout? — New York Times
- J.Lindeberg launches ski line — Vogue UK
- Oscar de la Renta to show twice during New York's Fashion Week — FWD
- Inaugural ball attendees register dresses on website — NY Daily News
- What's wrong with Vogue? — New York Times
- Sex continues to sell @ CK Teen — Blackbook
- Rumor of the week: Anna Wintour for ambassador! — FWD
- Lookbook: Pepper & Pistol Summer — Nylon

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Link Love
- Is Louis Vuitton losing its luster? — Racked
- The tale of the Le-Tan sisters — The Daily Beast
- The most entertaining red carpet outfits from Cannes — Styleite
- Will New York Fashion Week be moved from Lincoln Center? — Fashionista
- Why you're more likely to buy accessories than clothing — TFS
- Heidi Klum's secret talent — Lucky
- Why Hermès products are worth the investment — Vogue UK
- Justin Timberlake's Cannes Suit & Tie looks — People StyleWatch
- Source: courtesy of Social Life Magazine; Getty
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