Here's what's happening around the web this morning:

Erdem Wins BFC/Vogue Fashion Fund Prize
Prints-mad designer Erdem has won the first BFC/Vogue Fashion Fund (not to mention £200,000), the UK equivalent to the CFDA funding. Drinks on him!
[Vogue UK]

Thandie Newton New Face of Olay Total Effects
British beauty Thandie Newton will be representin' for Olay's Total Effects skincare range in the UK. Which is a lot more convincing than...
[Grazia Daily]

LaToya Jackson Stars in Dream Cream Ad
...LaToya Jackson's new campaign for Alessandro International's Dream Cream. Be afraid. Be very afraid.
[WWD]

Agyness Deyn Starring in "Clash of the Titans"
Turns out aspiring actress Agyness Deyn has nabbed a role alongside fellow supermodel Natalia Vodianova in "Clash of the Titans." Crap. We might actually have to see this movie.
[Modelinia]

Miss Philippines Stripped of Title for Being Illegitimate
Miss Philippines Maria Venus Raj has lost her crown and been disqualified from the upcoming Miss Universe pageant because of citizenship issues over her parents not being married. Why, those little b#%$#&$%!
[AFP]

Carey Mulligan Gets Her Twiggy On For Wonderland Magazine
Pixie princess Carey Mulligan is starring in a Twiggy-inspired shoot in Wonderland Magazine. Mia Farrow, coming right up.
[Daily Mail]