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.
[WWD]

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.
[People]

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

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]