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

L'Oreal Buys Essie
Hold on to your Ballet Slippers! L'Oreal has inked a deal to acquire Essie, with plans to expand into cosmetics. It would be cruel to tease us.
[Fab Sugar UK]

Seven For All Mankind Partners with Jonathan Adler
Jonathan Adler has brought hit quirky, poppy prints to his limited-edition Seven For All Mankind collection. Simon Doonan sold separately.
[WWD]

Victoria Beckham for German Vogue
German Vogue's May cover girl is Victoria Beckham, who poses astride a duck playground toy. As you do.
[Daily Mail]

Miss Sixty to Close 10 U.S. Stores
Things are-a not-a lookin' so-a good-a for the Italian fashion label Miss Sixty, which plans to shut 10 of its 20 shops in the U.S.
[WWD]

Stephanie Pratt Poses Naked for PETA
So much for the ethical treatment of animals! A poor bunny is being clasped to Stephanie Pratt's bare chest in her campaign for PETA's "Be Nice to Bunnies" iPhone app.
[Just Jared]

Rashida Jones Plays Guest Stylist for Theory
Theory has recruited Rashida Jones for its Fashion Insider: Stylecause program, for which she's styled three summer-ready outfits in the name of charity. 'Nuff said.
[InStyle]