H&M

Celebrities have been spotted working florals all over the globe, but now they're embracing a new nature-inspired print: palm trees. Carly Rae Jepsen donned a palm-print blazer and matching shorts by Lisa Ho at the 2012 Teen Choice Awards, Kate Bosworth worked a nature-inspired H&M dress ($24) with ankle-strap sandals in LA, while Dree Hemingway paired a Proenza Schouler palm tree tee with gray flare denim in NYC. As you can see, this California-cool print adds playfulness to any ensemble, so shop our favorite palm-print pieces to hop on the latest Hollywood trend.

You never know what fashion treasure you'll come away with hunting the sale racks — that's the lesson learned from Kate Bosworth's latest street-style moment. The actress showed off a cool tropical-print dress, the likes of which we've seen in Spring collections from Altuzarra and Stella McCartney — only this on-trend find is on sale and retails for under $40 at H&M (it's available online for UK shoppers, but head to H&M stores to track it down in the US). Of course, it's not just the dress but how Miss Bosworth adeptly adds in her Alexander Wang tote, Ray-Ban shades, and Summer wedges for a perfectly executed high-low mix.

No more speculation necessary: singer-slash-indie-muse Lana Del Rey will be the face of H&M's Fall 2012 ad campaign worldwide — with a second Winter campaign already in the works. What can we expect from the forthcoming ads? "The mood is very LA noir," said Donald Schneider, the mass retailer's creative director. From the look of it, the spreads take serious cues from Lana's own signature retro-inspired style. We spy a pale pink angora-blend sweater and wax-coated jeans, which certainly prove Fall-worthy and a cool throwback to more nostalgic silhouettes. To top it all off, Lana recorded a cover of "Blue Velvet" for a minifilm that will be released on hm.com on Sept. 19. While this isn't the starlet's first foray into fashion territory — there's a Mulberry bag named after her and she's already graced the cover of British Vogue — it's her first modeling gig and not too shabby a start, at that. Are you excited to see how Lana's old-school vibe translates into H&M's Fall ads?

Those stories and more in our daily news roundup.

• Franca Sozzani has been named the goodwill ambassador for Fashion 4 Development, a program that works with the United Nations to encourage leaders in the industry to work on sustainable development initiatives. [WWD]
  

• Newly appointed Vogue Australia editor Edwina McCann says there's a lot to live up to in her new position. "I've had to go and completely re-buy my dog walking gear, which is ridiculous," she says. "I've never felt that pressure before." [Catwalk Queen]
  

• Lana Del Rey is rumored to be the new face of H&M. News reports on Friday said the singer was shooting a campaign for the brand in New York, but reps for both parties kept mum. [Styleite]
  

• Talk about fast fashion: the time it takes Zara to create new product is "as short as two weeks from an idea in a designer's head to a garment on a Zara store's shelf." [Slate]
  

• On the flipside, Mary Katrantzou says she isn't able to do Resort collections because her intricate prints take too long to produce. "We worked out that it takes on average four days to create a print, and we create about 40 prints a collection, so we need 160 days — that's eight months for one person, four months for two people," she said. [Vogue UK]
  

• Prada partnered with artist Vahram Muratyan on a line of t-shirts (above) based on the Parallel Universes GIFs he created to commemorate the brand's Fall 2012 campaign. [High Snobiety]
  

• M Missoni launched a Facebook page this week. [M Missoni Facebook]

Though details are scant and reports are unconfirmed, the Internet is abuzz today with rumors that Maison Martin Margiela will be H&M's next collaborator. "According to market sources, the fast-fashion behemoth will soon announce that Maison Martin Margiela is its latest guest designer to produce a one-off collection," with the collection coming this Holiday season, WWD reports.

"We never comment on rumors," a spokesperson from H&M Stockholm responded.

Stay tuned for more details.

Update: H&M confirmed Tuesday that rumors of a collaboration with Maison Martin Margiela are true, and said that a collection of accessories and ready-to-wear for men and women will be sold in H&M stores around the world and online starting Nov. 15.

"Maison Martin Margiela is one of the most important and influential fashion houses of the past three decades," said H&M creative advisor Margareta van den Bosch. "I am so excited by this radical collaboration, which will give fashion lovers around the world the chance to wear special pieces by Maison Martin Margiela. This collaboration will be a great and memorable fashion moment."

The French fashion house, which always speaks in the collective "we," issued a statement saying, "The democracy of our fashion has always been at the center of our creativity, and the collaboration with H&M allows us to push this instinct further. We will bring together the contrasting universes of the two houses in ways that will surprise all."

The Swedish retailer tweeted the announcement with a link to a video of a hand sketching a women's sweater. It added later, "Of course @MMM_Official with H&M collection includes menswear!" with a link to a picture of the same hand sketching a men's car coat. Take a look at both below.

— Additional reporting by Justin Fenner
Above, Maison Martin Margiela Spring 2012

All right here, in our daily news roundup.

Those stories and more in our daily news roundup.

• America's Olympians have taken over the June issue of Vogue, with a cover featuring soccer player Hope Solo, swimmer Ryan Lochte, and tennis star Serena Williams. Lochte is the fourth man to be included on the cover of Vogue (the other three are Richard Gere, George Clooney, and LeBron James). Inside the magazine, Karlie Kloss poses alongside other athletes, like gymnast Jonathan Horton and basketball player Dwyane Wade. [Vogue]
  

• H&M has apologized for using an image of a tan-skinned Isabeli Fontana to advertise its Summer swimsuits after a Swedish anticancer group accused the brand of promoting "a beauty ideal that is deadly." H&M said in a statement that "It was not our intention to show off a specific ideal or to encourage dangerous behaviour, but was instead to show off our latest summer collection." [The New York Daily News]
  

• Lara Stone revealed how her husband, David Walliams, managed to woo her in the new issue of Vogue Netherlands: "He stalked me," she joked. Asked whether she thought their romance was sparked by love at first sight, Stone said, "To him it was!" [Vogue UK]
  

• Manolo Blahnik has signed a deal to expand his footprint in London. Shoe retailer Kurt Geiger will open a Manolo Blahnik shop-in-store at Harrods in time to sell the accessories brand's Fall 2012 collection. Kurt Geiger opened a similar space for Blahnik at Liberty London this February. [Vogue UK]
  

• The May issue of L'Uomo Vogue is dedicated to "Rebranding Africa." Editor Franca Sozzani said she wanted to portray African nations in a favorable light. "Presenting a positive image of the continent means focusing world attention on an area that has been hitherto excluded," she said. [Fashion Etc.]
  

• Meanwhile, Sozzani's other magazine Vogue Italia recently shot a spread featuring reality star Kim Kardashian. [@KimKardashian]
  

• Model Lily Kwong has big plans for after she graduates from Columbia University. Kwong, who is Joseph Altuzarra's cousin, says she will travel on behalf of her new charity Nuvana, which helps empower the youth in poor communities. [Lifestyle Mirror]

Photo courtesy of Vogue.