Highs:

• Carine Roitfeld’s first post-Vogue gig is to team up with Barneys to edit and style their Fall 2011 catalog.  It’s great news for American fans of Carine, since the Barneys catalog is a lot more accessible than Paris Vogue, which is about $16 on U.S. newsstands.  [fashionologie]
• Sylvester Stallone is launching a menswear line in 2012.  It’s going to be called ‘Sly, Inc.’  This is a celebrity fashion line we have to root for.  [WWD]
• We kicked off our new weekly online retail business feature with Fashism, an excellent site for soliciting constructive style advice.  [High Low]

You will buy clothing from this man.

Lows:

• Elizabeth Taylor, actress, icon, and celebrity fragrance doyenne, passed away at 79.  [NYT]
• Target is suing a gay rights group in San Diego for canvassing outside its stores there.  Not very neighborly.  [NPR]
• Amazon launched an app store for Android phones.  Apple initiates litigation over the name Appstore, contending it’s too similar to their App Store.  [High Low]

Elizabeth Taylor in Cartier.