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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: When I first saw Mary Kate and Ashley Olsen carrying the first handbags by The Row at the CFDA awards, I couldn't wait for them to be in stores. Good news: the super chic, super expensive bags are now available at Barneys NY.

The Bad: Both Tom Ford and Nicola Formichetti were quoted as saying they hated fat people this week. Although Formichetti recanted on Facebook and claims to have been misquoted, both designers set a bad vibe for this week.

The Ugly: We had high hopes for Bill Gaytten as the creative director of Dior but this week's couture show proved that he is no John Galliano. This collection was just plain ugly.

Check out previous columns:
July 1 | The Good, The Bad & The Ugly
June 24 | The Good, The Bad & The Ugly