• The Fashion Bomb News Breakdown: Iggy Azalea to Front Revolve Summer Campaign, Joe Zee Rumored to be Leaving ELLE, and Giuseppe Zanotti on Working With Kanye West

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    Iggy Azalea‘s inked herself a sweet deal with Revolve, for which she is now the celebrity spokesperson. The Aussie rapper will front the e-tailer’s summer campaign, and will appear in the brand’s original content. Revolve will also sell merchandise from Azalea’s North American tour, as well as goodies from her album The New Classic, which is dropping on April 22nd. But don’t hold your breath for any Azalea-designed gear. The rapper says she doesn’t see a clothing line in her future. “I don’t have any ambition to work in the fashion industry, although I love its quirkiness,” she explained. “I’d prefer to remain a fan and spectator who enjoys the fun of clothing,” you say that now, Iggy, but three years down the road… who knows? (WWD)


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    • Midwestern housewives the nation over are mourning the loss of Coldwater Creek, which filed for Chapter 11 Bankruptcy and will begin shuttering its stores. They plan to start going out of business sales next month. (WWD)



    Joe Zee might be leaving his post at ELLE soon. Sources tell WWD  that Zee has been in talks with Yahoo to helm their fashion site, and he’s already accepted an offer. A spokesperson for ELLE said, “We don’t speculate on employee matters.”  Watch this space for more details as they come to light! (WWD)



    • For those who say Kanye West is difficult to work with, Giuseppe Zanotti says pish-posh. The designer was at Bergdorf Goodman yesterday to promote the launch of the first of four 20th anniversary collections, and of course, fielded questions about his experience working with the rapper. “The process was easy,” Zanotti said. “I met Kanye in Milan during a charity event. He’s very sweet, very sensitive and sometimes dangerous because he’s sensitive… We met twice and then he asked to come into my maison because he wanted to understand the process of [creating a] collection of shoes and design. We started with something elegant for his runway, then we did something else — sneakers — together. He taught me something, I taught him something. Also, I showed him my archives of records and he sang something for me, for my team. It was good synergy, exchange of sensation and love.” Sounds nice! In fact, Zanotti says he is inspired by the work Kanye and other members of the hip-hop class, and has created a shoe with the help of 2Chainz. He’s also negotiating a collaboration with Kid Cudi, and might do work with Nicki Minaj and will.i.am in the future. (Fashionista)



    Gisele Bündchen admitted that she was investigated by the IRS thanks to a few journos looking to count her coins. After Forbes magazine published their Supermodel Rich List, which said that Bundchen was worth $42 million, the IRS decided it was time to audit the Brazilian beauty. “It’s sad, because the people who write these things don’t have my bank account details,” she said. “I do OK, I earn plenty, but not as much as they say. I’ve already been audited by the IRS because of this list and, truthfully, whether I’m on this list or not doesn’t interest me. I’ve got the same interests, the same day-to-day life, as any woman. I want to raise my children well, be a good wife and work. This is what I value: are my children educated, is my husband happy, are people feeling positive energy from me? There should be a magazine to quantify knowledge, understanding and love for people: that is power.” (Vogue UK)


    photos: Getty, Pacific Coast News, Coldwater Creek

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