A black pencil skirt is arguably one of the most versatile items in any lady's closet, and accordingly, should be a mandatory part of any style arsenal. It may have started as an office essential, but that doesn't mean this knee-length sheath is strictly business. Don't believe us? Watch as we put this basic to the test and style it out seven different ways — from work presentations to date-night and Sunday strolling, you'll be covered every day of the week.
Katie Holmes Styles Her Favorite Camera Bag With Red Satin Trousers
Katie Holmes paired her favorite Derek Lam camera bag with matching satin trousers on her way to the Music Box Theater in NYC. The actress worked her festive bottoms with a sheer embroidered blouse, nubby white cardigan, strappy Christian Louboutin pumps, and a black leather tote. Re-create Katie's latest outfit for a lunch date with friends or pair her bottoms with this sequin Ted Baker top ($145) for a stylish holiday party alternative.

Katie Holmes Works Her Derek Lam Camera Bag Day and Night
Katie Holmes has a fab new Derek Lam camera bag and she's been toting it all around NYC. Recently, the actress worked her red crossbody bag in two fashionable ways: during the day with an Isabel Marant dress and Rag & Bone booties, then at night with a red dress, denim jacket, and Isabel Marant Western boots. Get a closer look at both looks, then shop her exact pieces for yourself.
Devon Aoki Is Pregnant Again; Kenneth Cole Makes His Political View Public

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Those stories and more in our daily news roundup.
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- Model Devon Aoki is pregnant for the second time. She and husband James Bailey are expecting a girl this January; the couple's son, Hunter, was born last June. [Us Weekly]
br> - Peter Brant II's reaction to last night's election results have stirred up anger and controversy. [Jezebel]
br> - Kenneth Cole's reaction to the election, however, wasn't nearly as threatening. On Wednesday, he unveiled a billboard in New York that reads, "That's two jobs saved. Congratulations President Obama (and long live Big Bird)." Had the election gone the other way, Cole was prepared with a billboard that said, "Mitt happens." [The Cut]
br> - Now that Narciso Rodriguez has successfully launched his Kohl's collaboration, he's moving onto another retail frontier: ecommerce. [Style.com]
br> - Derek Lam and his business partner Jan-Hendrik Schlottmann have purchased back the majority stack of their brand from Labelux, the luxury group that also owns Bally, Jimmy Choo, and Belstaff. "We look forward to our continued growth and to the many exciting possibilities ahead of us," Lam said. [WWD]
br> - Richard Chai has signed on to create new uniforms for the hosts, servers, and bartenders at the Andaz Hotel in New York City. [Fashionologie Inbox]
Source: Twitter User KennethCole
Fall Must Have: Katie Holmes's Red Derek Lam Camera Bag
While running around NYC, Katie Holmes has been showing off her new Fall bag: this red Derek Lam camera bag ($1,390), which also comes in tan and black. If you recall, camera bags gained popularity during Summer and they're still going strong. If you've been wanting to get in on the cool trend, we recommend Katie's red Derek Lam bag because it has an undeniably rich hue that would look good with any outfit, it's small but roomy enough to fit your necessities, and the crossbody strap means you can be hands free while running all your errands.

Get Derek Lam's Winter White Wonderland Runway Look For Less
Derek Lam's whimsical white Fall '12 runway look immediately struck a chord in our fashion hearts, and we're sure you can see why. From the billowy, diaphanous silk dress to the cozy cable-knit top, we can't get enough of this effortlessly elegant ensemble — ideal for the holiday dressing season ahead. In a perfect world, we'd pick up Lam's runway look in a heartbeat, but sadly, our purse strings aren't as giving. But there's another way to get the look for less. Emote the same magical wintry vibe by pairing a floaty off-white silk gown or maxi skirt with a sleeveless sweater. Then, finish the look with strappy suede sandals, a rhinestone bracelet, and a slightly tousled updo, and you're ready for your next black-tie holiday affair. Shop our editors' picks in the links below.

From left to right: T by Alexander Wang Sheer Silk-Blend Maxi Dress ($250, originally $625), J Brand Sleeveless Sweater ($225), Rhinestone Stretch Bracelet ($16), Steve Madden Real Love Sandals ($100).
We Never Knew How Much We Wanted a Camera Bag — Until Derek Lam
Between its functionality and the sleek structural shape, it wasn't even a question of whether or not we liked Derek Lam's Fall '12 bag fare. Rather, a better question would be: when can we get our hands on the Newton camera bag ($1,390)? The answer? Now. The price tag may be a little steep, but here are three reasons why this style should be your next accessory splurge. One: The stark, boxy silhouette is classic, through and through. As in, you can count on this bag being a go-to favorite for seasons to come. Two: You can schlep your camera around, no problem. But the less-obvious zinger is that it's roomy enough to hold the bonus essentials (read: a compact mirror, lipstick, and a minibrush). Three: It's the perfect size for any occasion, and to add to its versatility, most camera bags double as crossbody bags, too. Whether you're taking in the sights somewhere, running errands, or are off to a swanky dinner, this is it. We get that the Derek Lam iteration might be a bit of a budget stretch so, if you love the idea of a camera bag, you're still in the right place. See our picks below to get in our latest Fall bag crush.

Tyra Banks's New Show, Derek Lam's Favorite Designer, and Brad Pitt's Chanel Ad
All the news bits fit to print, here in our daily roundup.
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- Tyra Banks has put her stamp on quite a few television projects — a talk show, a reality show — so it's no surprise that the supermodel now has a sitcom in the works. The ABC-produced show will be titled Fivehead and is inspired by the supermodel's awkward high school years. [Deadline]
br> - In other media mogul news, Terry Richardson and Ann Caruso have given Oprah Winfrey the high-fashion treatment. [Harper's Bazaar]
br> - But the high-fashion treatment doesn't always work for everyone. Apparently consumers in the UK do not like it when hot supermodels turn up in one of their favorite mall store catalogs — even if the supermodel in question is Helena Christensen. [Huffington Post]
br> - Speaking of complaints, Tory Burch will appear on Rock Center with Brian Williams this Thursday to discuss the lawsuit her ex-husband Chris Burch recently filed against her. Joanna Coles will also be there, to offer support. [The Cut]
br> - And isn't it nice when people support one another? Especially designers. For example, Derek Lam says he loves what Joseph Altuzarra has been up to: "His work is really exciting." [Grazia UK]
br> - Also exciting, but in a different way. The much-anticipated Chanel No.5 ad starring Brad Pitt has finally arrived. [YouTube]
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Derek Lam Might Be Expanding His Line With Swimwear
Yesterday, we checked out the Derek Lam for Kohl's collection, and while we sadly can't share any pictures with you at the moment (photos are embargoed), believe us when we say the line inspired by Rio — one of Lam's favorite vacation destinations — is pretty darn amazing. The standout pieces? The swimwear; no easy feat considering this was Lam's first time ever designing swimwear. So does that mean a swimwear line is in the works for his namesake collection? "There's a lot of technical know-how, so I was able to get an education on that," said Lam. "So this is going to be a starting point, but I would love to." We hope that means yes.
The Cream Eye Shadow You'll Use For Everything Come Spring
You'll see a beautiful sunrise-inspired palette when you gaze at the Derek Lam makeup for Spring 2013, but you'll also note a beauty look that's wearable in everyday life. Uncover the multitasking beauty staple that makeup artist Tom Pecheux used on both the eyes and lips in this involved yet minimalist look.
The look: See-through eye makeup, effortless hair, and nude nails.
The inspiration: Water and sunrises.
Who would wear it: The woman who has the same lipstick formula (or pants) in five different colors.
Source: IMAXtree

