Hot Headlines: Jessica Stam to release a clothing line

Today's top buzz in the world of fashion, beauty and entertainment 

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Following collaborations with Rachel Roy and Rag & Bone, model Jessica Stam is designing her own clothing line, which will probably be called Jessica Stam or Stam  —Modelinia

Designers Mary Kate and Ashley Olsen are teaming up with Toms shoes for a Fall 2011 collection  —WWD

Calling all twitter gurus! Marc Jacobs is hiring a new twitterer to relieve CEO Robert Duffy of the duty. All applications will, of course, be accepted via twitter  —Fashionista

You know you’ve made it when Christian Louboutin names a shoe in your honour. The designer unveiled ‘The Blake’ for fashion darling Blake Lively  —Fashionista

After naming five beauty ambassadors in 2009, Chanel is now rumoured to be looking for blogger ambassadors  —Fashionologie

Alexander Wang was named GQ’s Best New Menswear Designer, and will receive $50,000  —GQ

Watch Now: Rihanna plays a good and bad girl in the video for her new fragrance Reb’l Fleur  —People Stylewatch

Singer Jessica Simpson is expanding her clothing and accessories empire with a new line of prom dresses for David’s Bridal  —People Stylewatch

Lindsay Lohan caused a frenzy when she wore a white Kimberly Ovitz minidress to court. The skin-tight number sold out around the country in hours  —WWD