Fashion news: iconic dresses of the last 50 years, American Apparel in peril and Versace makes a cell phone

Versace has just announced the launch of its first cell phone. The gold-plated Versace Unique comes with a 5 megapixel camera and a sapphire crystal  screen. The iconic Medusa logo is also engraved on the leather back. Sigh, better start pinching those pretty pennies now. [Engadget via Racked]

A UK online poll revealed its ten most iconic dresses of the last 50 years. On the list? Audrey Hepburn‘s black dress from Breakfast at Tiffany’s, Marilyn‘s white halter and Bjork‘s wrap-around-swan. The number one spot went to Geri Halliwell‘s Union Jack dress, which some might debate is actually a shirt. [Telegraph]

Lucky Brand‘s new CEO David DeMattei, in an effort to revamp the brand, will reduce the volume of graphic tee’s. Was there a plethora of graphic tee’s on the market? We had hardly noticed.  [WWD]

Mischa Barton walked down an aisle in a wedding dress this week. No, the 24-year-old actress isn’t getting hitched, she was modelling for Rosa Clara‘s 2011 bridal collection as part of Barcelona’s Bridal Week. [Huffington Post]

Abercrombie and Fitch will open 29 new stores within the next 18 months. Expensive polo shirts for everyone! [Barron’s via Racked]

Peril for American Apparel? Just yesterday, the basics-gone-viral brand dropped 40 per cent of its share value after announcing it may not be able to pay back an $80 million loan from last year. [Fashionista]

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