Courtesy of Maciel/ / Victoria Beckham / Chanel / Patrick McMullan

To wrap up this week, we decided to pick through the news and share what we are excited for, what we are sad about and what we just don't understand. Here is this week's The Good, The Bad and The Ugly:

The Good: Victoria Beckham is unstoppable: in addition to being a pregnant mother of three about to give birth any second, Beckham just announced that she is launching a lower priced line of dresses. I can't wait.

The Bad: Shouldn't a collaboration between Carine Roitfeld, Karl Lagerfeld, Chanel and Freja Beha Erichsen create beautiful fashion magic? The current Chanel campaign with Freja dressed as a cat proves otherwise. Is Lagerfeld no longer relevant? Did Carine lose her touch?

The Ugly: Stephanie Wagenman, Betsey Johnson's assistant, revealed to Fashion Week Daily's "The Assistant Files" an anecdote about working for Betsey: "I went to the New York City Ballet with Betsey recently, and she decided to dress me up like one of the seven deadly sins. We picked wrath. Betsey drew all over me with a Sharpie, made my hair really crazy, dressed me in a giant hoop skirt with red bloomers and my butt showing-and she put me on a chain." Horrifying.

Check out last week's column: June 24 | The Good, The Bad & The Ugly