To celebrate 90 years in business, the Italian fashion house will release its ’1921′ collection this summer.

Referring to Gucci‘s founding year, the 1921 label will be attached to a number of the brand’s best-known classics including the Bamboo, Jackie and Horsebit bags, which will all be made over in new fabrics and colors.

Other accessories such as shoes, probably including Gucci’s signature moccasins, riding boots, and loafers, as well as special-edition watches, bracelets, wallets, and sunglasses will also be part of the collection.

We brought you Blake Lively’s debut Chanel ad earlier in the week and now we’ve got our fingers on the full campaign for the Mademoiselle handbag line.

Karl Lagerfeld personally chose Lively for the campaign, calling her “an American dream girl,” and shot the photographs himself at Chanel’s Parisian headquarters.

The New York Times reports that Lively passed on other modeling opportunities, saying, “Thank you so much, but I am holding out for Chanel.”

Blake Lively was hired to be the spokesmodel for Chanel Handbags print campaign and now the first image has appeared online.

The ad, shot by Karl Lagerfeld, has the Gossip Girl against a set of mirrors staring at the viewer from her reflection and carrying the new Mademoiselle bag.

In contrast to singer Lily Allen’s playful Breakfast at Tiffany’s–inspired ads, Lively’s campaign feels edgier and more sophisticated, with a moody, Hitchcockian tone.

It could be a queue for a pop concert, a top nightclub or even the opening night at the theatre. But the hundreds of people lined up in a Hong Kong street are actually waiting to bag a bit of luxury.

“We’re looking for new handbags,” says student Celeste Law as she queues patiently alongside her friend Karina Luh outside the supermarket-sized branch of Chanel on Hong Kong’s Canton Road.

The students, both 20, already sport impressive accessories — Celeste carries a Louis Vuitton monogrammed bag, while her friend’s is from Chanel.

Louis Vuitton’s ad campaign for their Spring/Summer 2011 collection is out. It stars Taiwanese actor Godfrey Gao and Doug Pickett, photographed by Cédric Buchet.

The campaign also features bags from the S/S 2011 Menswear Collection: Monogram Impression Sac Weekend, Utah Cabas Zippe, and Damier Graphite Elvis.

Yves Saint Laurent will be launching its much-awaited Spring/Summer 2011 Manifesto on 5 March.

The publication will be released in major cities including London, Paris, New York, Milan, Tokyo, Hong Kong and, for the first time, Los Angeles.

‘La Manifesto’ features images starring face of YSL‘s S/S ’11 campaign, Arizona Muse, which has been photographed by Inez van Lamsweerde and Vinoodh Matadin.