Style Scoop: Vivienne Westwood Revives Punk Archives, Proenza Schouler is First in Class, Yahoo Takes Over Tumblr


Who could be more unapologetically punk than the one and only Vivienne Westwood? In light of this month's Met Gala and the opening of Punk: Chaos to Couture, the U.K. clothier is digging into her archives for some vintage wears. Westwood released a new Chaos collection that includes punk tees and accessories with designs she first crafted in the 1970s. [Vivienne Westwood]

The Parsons pair now known as Proenza Schouler took a trip down memory lane as the 2013 honorees for their alma mater's Fashion Benefit. Jack McCollough and Lazaro Hernandez joined Hudson's Bay Company president Bonnie Brooks as the event's trio of the hour, which awarded 2013 graduates with top design honors and raised scholarship money for prospective students. McCoullough chatted with ELLE about how the benefit changed his own life as a New School student. “It was actually at this event, 11 years ago, that started our career. We met Peter Arnold, who was the director of the CFDA at the time. He introduced us to Barneys, who bought our senior year collection,” McCoullough said. “It can be a powerful event for a lot of the students here, today. Who knows what could come out of it?” [ELLE]

Tumblr boasts a $1.1 billion price tag and the authorities at Yahoo have tucked away just enough to buy it out. The internet company bought the David Karp creation earlier this week, leaving fans of the blogging phenomenon wary of ad takeover. According to Karp and Yahoo CEO Marissa Mayer, though, the acquisition will be virtually invisible to the Tumblr audience. “Our team isn't changing. Our roadmap isn't changing,” said Karp, who insists that the site will still operate independently. Mayer offered even more reassurance on her own Tumblr page, writing “We promise not to screw it up.” As long as we've got gifs galore and can reblog our favorite fashion ads with little interference, we're game. [CNN]

What's it like to drip in the same Bulgari jewels once worn by Elizabeth Taylor? Award-winning actress Jessica Chastain knows. “It was so thrilling to wear it, but I was overwhelmed too. It was a little scary,” the Zero Dark Thirtystar said about wearing Taylor's sapphire and diamond necklace to the Cannes screening of Cleopatra. “I was the first person to wear it since Elizabeth. I felt as if I was able to spend the day with her today by wearing the necklace.” [People Style Watch]

Ralph Lauren Corp.'s signature style isn't exclusive to the Hamptons or New York's Madison Avenue. The equestrian favorite is rolling out worldwide. “Our relentless focus on innovation and our commitment to superior craftsmanship continued to build our global customer base,” said namesake CEO Ralph Lauren. “We have an exciting next few years ahead of us, especially as we grow our global store network and e-commerce platforms to showcase the full scope of our brand portfolio and lifestyle sensibilities.” Up ahead is the brand's expansion in Latin America and Asia. [WWD]

Vera Wang is embarking on a trip back home as the 2013 commencement speaker at Sarah Lawrence College. Wang, who earned a degree in art history from the school, told WWD that diversity and openness to change will be key points in her address. “Everyone is different, whether that be different ethnicities, upbringings, education or anything else. Without diversity, the world is very judgmental and very limiting,” Wang said. “Different people bring different things to each situation. These have really been the tenets of the school from day one.” [WWD]

The gap between magazine must-haves and brick-and-mortar finds has been bridged thanks to Magnetique. The mobile app captures coveted items from your glossy of choice, lists the brand name and price, then directs users to the closest store that has the merchandise in stock. After debuting this month, Magnetique has been fully integrated with InStyle and Glamour, and app developers project it will be activated in all top fashion magazines by the end of the year. [GLAM Inbox]