Bianca Balti

>> No self-respecting Fashion Week would be complete without a healthy dose of street style, so here it is — straight from the Milan menswear shows. What's on tap? Lots of Missoni, lots of cross-season dressing, and lots of Anna Dello Russo. There's also Olivia Palermo in fur, Bianca Balti in lace, and recent street style favorite, Elisa Nalin, working her signature color-mixed look to perfection (left). Click through to see all those, plus more — here, in the slideshow.

The Cannes Film Festival continued into day seven with more glamour spotting on the red carpet. Today's highlights include a showstopping Roberto Cavalli on Bar Refaeli, a hot, cutout Pucci for Karolina Kurkova, and a smokey, fringe-adorned gown Roberto Cavalli for Bianca Balti — let's just say the models made a major impression at today's festivities. Of course, there's more Cannes style in store — click on for the best of day seven.

>> Curious to see what the House of Dior puts out without a creative director at its head? The Fall 2011 Dior couture collection, which debuts in July, is being produced just that way — by the design studio alone — but a peek at what they're capable of came last night. Melanie Laurent debuted the Dior studio's first foray without a head designer — a couture gown inspired by an archival piece — for the Cannes Film Festival opening festivities. See that dress, plus Diane Kruger's slinky Calvin Klein Collection number, Rachel McAdams's peekaboo sheer Marchesa gown, and more from the first two days of Cannes in the slideshow.

>> For the 2011 Pirelli calendar, which launched in Moscow today, Karl Lagerfeld said that he produced “the visual version of Homer. I did with my camera what he did with his pen, although we understand that he probably didn't use a pen.” Lagerfeld gathered 15 female models, 5 male models, and Julianne Moore in his Paris studio back in April to produce 36 black and white images of deities from ancient Greece and Rome for the calendar. “I wanted to do something different. I looked at all the other calendars,” he explained, adding: “With such a concept and boys and girls like this, it was an easy job.”

Lagerfeld was surrounded by a cadre of the models featured for the Moscow launch, including Natasha Poly sporting a new brunette hair color. But who did he cast as whom? Julianne Moore plays Hera, Brad Kroenig poses as Zeus, Lara Stone gives her best Aphrodite, Jeneil Williams channels Hades, and Baptiste Giabiconi embodies the roles of both Narcissus and Apollo.

The rest of the cast includes: Bianca Balti (as a Bacchante), Elisa Sednaoui (Flora, Echo), Freja Beha Erichsen (Apollo, Pollux, Orpheus), Isabeli Fontana (a Bacchante), Magdalena Frackowiak (Athena, Estia), Anja Rubik (Hermes, Terpsichore), Abbey Lee Kershaw (Echo, Castor, Eurydice), Lakshmi Menon (a Bacchante), Heidi Mount (Aurora, Amphitrite), Erin Wasson (Ajax, a Bacchante), Natasha Poly (Melpomene), Daria Werbowy (Artemis, Penthesilea), Iris Strubegger (Athena), Sebastien Jondeau (Mars), Garret Neff (Bacchus), and Jake Davis (Achilles).

A peek at the calendar and launch below.

>> Roberto Cavalli reportedly spent about $2 million on his 40th anniversary bash held last night at the École Nationale Supérieure des Beaux-Arts in Paris — and that doesn't include the budget allotted to bringing Natalia Vodianova (and perhaps some of the other 1,200 attendees) to the party. As the New York Times's Eric Wilson wrote: "It was one of those fashion parties that felt like another era, when it was possible to enjoy such extravagance without wondering how a designer could possibly be selling enough animal-printed evening gowns and exuberantly distressed denim to afford it all."

Kylie Minogue performed, the walls were lined with Mert Alas and Marcus Piggott's images of models in Cavalli, and Heidi Klum introduced the designer as a four-tier, 10-foot birthday cake covered in sparklers was wheeled onto the stage. But even through all that, Cavalli, almost 70, admitted he's not the party animal he used to be: “Don’t say it, don’t say it, please, because the people should still dream with me,” he said. “The young should think that, instead of sparkling water, I drink Krug, or that I still smoke 10 Cuban cigars every day.”

This year marks Roberto Cavalli's 40th year in fashion — what better way to celebrate than to head to Paris! After showing in Milan, that's exactly what the designer did. Joined by Rachel Bilson, Carine Roitfeld, Natalia Vodianova, and many more fabulous friends and celebrity fans, the designer jetted to Paris to celebrate 40 fantastic years of Cavalli style. Click through to glimpse the celebs, the Paris locale, and all of the decadent fun!