Style Scoop: JCrew's In Debt, Roberto Cavalli Points a Finger, and Lea Michele Gets Racy

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Money, money, money is on the mind of one of our favorite fashion powerhouses this week as J. Crew Group Inc., is said to be seeking a $1.57 billion loan to refinance its debt. Bloomberg reports that, "With about $1.57 billion of long-term debt, J. Crew plans to use part of the proceeds from the financing to redeem it 8.125 percent senior unsecured notes due 2019, according to a regulatory filing yesterday." [Bloomberg]

Lea Michele, clad in a cut-out leotard, shared some racy images on her Instagram account of her weekend photo shoot with Terry Richardson for V Magazine. This is the second time she's posed for Richardson--her 2010 shoot for GQ directed by the famed photographer was also deemed scandalous. [US Magazine]

Maybe J.Crew can learn a thing or two from designer Marco de Vincenzo, who just received an investment from LVMH. The French luxury goods conglomerate, whose initials stand for Moët Hennessy, have also put money into Nicholas Kirkwood, J.W. Anderson, and Maxime Simoens recently. [Style.com]

Former Vogue Editor, Beatrix Miller, has passed away at 89 years old. The perfectionist led the magazine from the turbulent swinging sixties into a more modern age, 1964 to 1986. [Vogue.com]

Felipe Oliveira Baptista has cancelled the show for his Paris Fashion Week ready-to-wear collection, which was scheduled for this Wednesday. The designer, who is also the creative director at Lacoste, and his wife/label co-founder, Séverine Oliveira Baptista, have "decided to take time off to think about the future of our collaboration and brand and reevaluate its structure and existence." [Vogue.co.uk]

Amy Adams was celebrated as this year's Lacoste Spotlight Award honoree at the Costume Designers Guild Awards February 22nd. The actress has exemplified an industry leader whose "talent and career personifies an enduring commitment to excellence, including a special awareness of the role and importance of costume design.” [Glam.com]

Italian designer Roberto Cavalli has accused Michael Kors of copying his creations, telling Miami's Haute Living Magazine, "Now you have designers and you have Zara, which is meant to be fast and sold at a very cheap price, so you expect [copying]. But Mr Michael Kors, he copies everything!" This isn't the first time Cavalli has called out Kors, either...[DailyMail.co.uk]