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

Gucci to Launch Childrenswear
Gucci Gucci coo! Gucci is set to launch a children's collection beginning in June, much to the delight, we're sure, of one Miss Suri Cruise.
[WWD]

Princess Diana's Clothing Up For Auction
Wannabe princesses should bust out their pocketbooks for a chance to snag one of the late Princess Diana's memorable frocks. A black strapless dress and chiffon blouse are just two of the pieces hitting the auction block on June 8.
[Daily Mail]

Pamela Anderson Sued Over Fashion Line
Maggy London International is suing Pamela Anderson over her A*Muse fashion line, which they claim violates their trademark of the name Muse. We can't wait to see what Pammy wears to court.
[NY Post]

Alice + Olivia Makes Over MAC
Alice + Olivia is the latest fashion label to collaborate with MAC, with a technicolor collection hitting stores on July 8. Sunglasses sold separately.
[WWD]

New "Sex and the City" Poster Revealed
Sarah Jessica Parker rocks a floaty strapless gown and killer strappy heels in the desert-set new poster for the "Sex and the City" sequel. Is it May yet?
[Marie Claire UK]

Vogue India Stars Darker-Skinned Models
In response to the growing popularity of skin lightening creams, Vogue India has featured five darker-skinned models on its April cover to celebrate "the skin tone the world covets."
[Vogue UK]