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

Marc Jacobs Creates Playboy Bunny Shirts, Themed Windows
It's bunny season. Marc Jacobs pays homage to Hugh Hefner with a Playboy-themed window display and Marc Jacobs + Playboy T-shirts.

Michelle Obama Wears $35 H&M Dress
Another reason she's fashion's First Lady? Michelle Obama dons an H&M frock for an appearance on the "Today" show.

Oscar de la Renta Reenters Fragrance Business
Oscar de la Renta's bringing fragrance back. Smells like Manhattan's Upper East Side.

Karl Lagerfeld Puts Up His Gramercy Park Home For Sale
A Chanel-style apartment? We'll take it. Karl Lagerfeld's never-lived-in NYC pad can be yours for $5.5 million.
[New York Post]

Remembering Alexander McQueen One Year On
Check out some of the beloved designer's top looks as he is remembered on the one-year anniversary of his death. We love and miss you, Alexander McQueen!
[Grazia Daily]