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Those stories and more in our daily news roundup.
  • Prada CEO Patrizio Bertelli — Miuccia Prada's husband — said recently that while counterfeit Prada bags aren't necessarily good for the company, they're not bad, either. "We're happier to have them than not have them," he said. "Don't you think it's sad for a brand that no one wants to copy them?" [Styleite]
  • Angelina Jolie's jewelry collection with Robert Procop — who designed her engagement ring for Brad Pitt — will be sold in selected stores this September. Previous sales were available by private appointment only. Proceeds from the pieces will benefit Jolie's charitable foundation the Education Partnership for Children of Conflict. [The Cut]
Those stories and more in our daily news roundup.
  • Fairchild Fashion Media, the company that owns WWD and, announced today that it has acquired Fashion Networks International LLC, which owns NowManifest. The site plays host to blogs written by Bryanboy, Anna Dello Russo, Elin Kling, and Derek Blasberg, among others. [Fashion Etc.]
  • Kristen Stewart wears both men's and women's clothing in the June issue of Elle. In one photo, she plays both a man in a tailored Balenciaga suit and a woman in a Tom Ford crocodile bustier. [Elle]
  • Jean Paul Gaultier took his first trip to China this week for a presentation of his Fall 2012 ready-to-wear and couture collections. The show drew a crowd of almost a thousand people. Gaultier joins Dior, Chanel, Burberry, and other European brands that have presented special shows or exhibitions in China, Taiwan, and Japan. [WWD]
  • Indonesia's national police have canceled Lady Gaga's June 3 concert in Jakarta after religious groups and conservative lawmakers protested against her sometimes racy choreography and stage costumes. The police said they decided to deny a permit because they couldn't guarantee security at the concert, which would have hosted the largest audience of Gaga's "Born This Way" tour in Asia. [The Cut]
  • Tyra Banks wrote an open letter to aspiring models in light of Vogue's new Health Initiative, encouraging women all over the world to embrace their flaws. "Vogue has the power to make and break—whether it's fashion trends, designers, models, and yes, even industry practices," Banks writes. "Their bold stance means that others will follow." [The Daily Beast]
  • Rachel Roy has revealed the details of how she and her date Solange Knowles got ready for the Met Gala. In between getting her makeup done and a final dress fitting, Roy squeezed in a "quick phone call to the office" and "a little negotiation on some fabric prices." [Stylelist]