what's hot

Bobs Michelle Obama continued to be breathlessly admired the world over last week when she appeared at a White House celebration with her hair pinned into a bob. We wonder how many women will now flock to the salon and ask for their own "mobama" style. Multitasking Is there no end to Lily Allen's talents? The singer, model and Karl Lagerfeld muse has turned her hand to jewellery design. The new line, imaginatively titled Lily Allen, was unveiled in London last week and will go on sale from September. "You can change your whole look just by changing which jewellery you choose to go with what you're wearing," Allen mused. Well, quite.

The Beautiful Life The Ashton Kutcher-produced show that follows a group of male and female models living in New York is being touted as the new Gossip Girl or OC. Filming was delayed last week following the hospitalisation of Mischa Barton, who's playing one of the lead roles. But she's out now - so let's hope they get cracking. Bunny ears Madonna wore a pair made by Marc Jacobs for Louis Vuitton in May, Lady Gaga followed suit by donning a lace pair earlier this month and now Topshop have produced their own line. Seems there's an ever finer line between fashion and fancy-dress.

Eau de Winehouse Rumours are circulating that Amy Winehouse has signed a perfume deal. What would that smell of, given that the woman always looks like she's in need of a hot bath? We're thinking stale cigarettes and dirty hair. LVMH Profits at the luxury giant tumbled 23 per cent in the fist half of this year. What? You mean people aren't buying expensive leather goods or diamond-studded watches right now? How strange.

* Sophia Money-Coutts