Style Scoop: Michelle Obama Repeats Michael Kors, Lady Gaga Covers Photography Tome, Conde Nast Revives GQ Style

While political pundits calculated electoral votes and gave presidential predictions all night, the fashion set pondered what First Lady Michelle Obama would be wearing if her husband was re-elected head of state. Around 2:00 a.m., after Senator Mitt Romney's concession, we found out: a brocaded, Michael Kors repeat. The strategic style move, which many claim is an empathetic choice in light of Sandy and the recession, marked the FLOTUS' third time wearing the shift dress, first in 2009 at a White House event, then again in 2010 at a Medal of Honor ceremony. [GlamChic]

It's been 18 years since photography tag team Markus Klinko and Indrani hit the editorial world, capturing celebrities far and wide in some of their most iconic print moments. Now, the duo is chronicling their career with a coffee table tome, Icons: The Celebrity Exposures of Markus and Indrani. Featuring shots from Beyoncé's first solo album Dangerously in Love, Mariah Carey's epic The Emancipation of Mimi, and captures from Lady Gaga's Hello Kitty campaign, the book will be available November 13. [ELLE]

Derek Lam has bought back his namesake label from the privately-owned Labelux group. Labelux chief executive Reinhard Mieck says the move is part of the company's plan to refocus its energies on high-end accessories, leather goods, and footwear. [WWD]

VOGUE Homme Japan fashion director (and Lady Gaga BFF) Nicola Formichetti took to his Facebook page to confirm that Condé Nast will be switching its men's fashion publication from VOGUE to GQ Style. He did offer that he'll still be working with team members Junsuke Yamasaki and Shun Watanabeduring his next magazine venture. [Facebook]

The highly-anticipated Victoria's Secret fashion show is today, and aside from confirmation that Rihanna, Justin Bieber, and Bruno Mars will be soundtracking Angels' on the runway, the theme of the sexy show has been revealed. Pop culture, the circus, and the silver screen will be tied into scenes for the lingerie spectacular, which includes 65 different looks and Alessandra Ambrosio in this year's million-dollar Fantasy Bra. [GlamChic]