News: Lacroix Gone Broke, Will Strips For A Cause, And More…

1. Christian Lacroix has filed for bankruptcy. Does this mean his four-figure clothes will be going on clearance? [NYTimes]

2. Will Ferrell has come out with a line of sunscreens to benefit
Cancer for College. The bottle art rivals that of our favorite Pocket Rocket lip gloss. [PeopleStyleWatch]

3. Fuchsia (or mangenta for the manly men) is the color of the moment, taking over hotels, gadgets, and even the beach. [WSJ]

4. Anna Wintour may be leaving Vogue to become ambassador to Britain. Her foray into politics could also score her more girl time with BFFs Desiree and MObama. [PageSix]