Lindsay Lohan's new fashion collaboration takes fringe to the max

Lindsay Lohan designs with fringe, Gap cuts back, Scott Sternberg speaks and more of today's fashion news

Lindsay Lohan is back with another fashion collaboration. (You may — or may not — remember her previous forays into fashion with a leggings line called 6126 and her My Addiction capsule collection for Pacific Sunwear). On Monday she announced a new collaboration with British retailer Lavish Alice. It includes a minidress with massive fringe hanging from the sleeves to below the knees and a tuxedo jacket with tassels. [The Cut]

Gap announced it is closing about a quarter of its stores — 175 of 'em — and cutting 250 jobs at corporate headquarters after disappointing quarterly results (among other problems). [NYT]

Band of Outsiders' Scott Sternberg used Instagram to break the cone of silence he's been in since rumors of the brand's demise began circulating in late May. “The proverbial Fat Lady sings, at least for me and my time here at Band," he posted Monday. "I can't really comment on the future of the brand as that's out of my hands at this point, but I do want to say thanks to all of the Band fans out there who embraced and supported our brand and clothes over the years, and my employees and partners who dedicated so much energy and enthusiasm. The store should be open for at least another week so, like, go buy something cute. And enjoy it. That was the whole point of this thing after all.” [Los Angeles Times]

Supermodel Gisele Bündchen returns for fall as the face of Stuart Weitman footwear. In one photo, shot by Mario Testino, she wears a pair of 28-inch-high "Alllegs" boots, which just as easily could have been called "Butthighs." [WWD]

After Ellie Goulding was criticized by Internet trolls for posting a makeup-free selfie on Instagram, she invited her Twitter followers to post their own bare-face selfies and she retweeted them. [People]

Lucky is closing down print operations but will retail its digital presence, WWD reports.

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