Fashion news: Steve Madden may take over Betsey Johnson, psychic fashion predictions, Karl Lagerfeld for Hogan

Photography by Peter Stigter

Betsey Johnson has gotten her self into a bit of a financial pickle, and in two years Steve Madden might own her company. [Fashionista]

Barbie is the newest intern at SHOWstudio for the twenty days leading up to London Fashion Week. The iconic blonde bombshell will also be blogging about her experiences and posting live video updates on the website’s blog. [SHOWstudio]

Acne and Candy magazine have collaborated on a capsule collection targeted at cross-dressers and tranvestites. “This collection is a playful collaboration and a celebration of diversity,” says Acne’s creative director Jonny Johansson. [Vogue UK]

“[Marc Jacobs] can do no wrong. There might be lots of jewels in his new work,” says Roxanne Hulderman, the psychic who was asked to predict the future of five of New York Fashion week’s biggest designers including Francisco Costa of Calvin Klein, Michael Kors and Jacobs. [Fashionista]

Ladies and gents, start your engines. The Spring 2011 New York Fashion Week schedule has been revealed. [The Cut]

Karl Lagerfeld and Italian fashion label Hogan are the latest in a long line of designer collaborations. The Kaiser will be designing a capsule collection for Hogan  that will be revealed in Paris on Oct. 2. Is 2010 the year of the designer collaboration? [Voge UK]

“[E]very season, there’s a way to connect your personal aesthetic with something new. You intuitively think, ‘I want something new that updates who I am, but at the end of the day I’m still myself.’” Sally Singer, T Magazine’s new editor-in-chief. [Paper Magazine]

While launching his new space On Pedder at Joyce London-based shoe designer Nicholas Kirkwood gave attendees a sneak peek of his latest collaboration with the estate of Pop artist Keith Haring. [Style.com]

Juicy Couture, of tracksuit fame, can’t seem to catch a break. The label has been dropped from major retailers including Saks, Nordstrom, Neiman Marcus and Bergdorf Goodmans. [Racked]

Will Paris Hilton’s Chanel purse be her undoing? Apparently, Ms. Hilton twitpic’d a photo of her “new Chanel purse” earlier this summer. The same purse she told police belonged to a friend of hers when she got busted for cocaine possession. Uh oh. [Styleite]

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