I am a major sports fanatic, and starting July 27th I will be glued to my TV to watch the Olympic games. Because of my athletic background, I have many friends competing for Team USA and with other teams around the world. Every four years, I look forward to the world coming together to root on our athletes toward one common goal: performing to the best of their abilities and honoring their country.

In case you just can’t get enough of Infinitely Kusama, Louis Vuitton‘s capsule collection in collaboration with Japanese modern artist and polka dot enthusiast Yayoi Kusama, you’ll soon have even more ways to shop. Not only will customized windows roll out to Louis Vuitton boutiques across the globe, with the Kusama collection available in all of Vuitton’s 463 boutiques, but LV will also open up a handful of Kusama-only pop-up shops.

When I first heard the rumor that Yves Saint Laurent‘s new creative director Hedi Slimane was looking to change the iconic French luxury house’s name, admittedly, I scoffed. “Silly slow-news-day gossip that will never be substantiated,” I said to myself. Because what else could it be? Almost all of YSL’s branding over the last 10 years has centered squarely on the importance of the brand’s initials, and the Y in particular – from the incredibly popular Yves Saint Laurent Cabas ChYc to the Yves Saint Laurent Easy Bag, practically every major bag that the brand currently sells is predicated on the Y.

In and of itself, news of police busting up a counterfeit handbag ring is not exactly breaking news. Enormous luxury brands put pressure on authorities in Europe and America to stanch the flow of fake bags into their markets, usually from Asian manufacturers and distributors unaffiliated with the mainstream luxury industry in any way. Police bust the rings fairly regularly, proudly displaying crates of confiscated goods on the news, only to have more sprout up in the defunct rings’ places.

It’s not often that our Real Housewives coverage and our handbag coverage intersect, but sometimes when a reality TV star finds herself in financial straits, the stuff in her closet is all she has left with which to barter. (Side note: Why do people in financial distress find themselves so attracted to television? Bravo doesn’t pay that well.)

That’s apparently what happened to Taylor Armstrong of Real Housewives of Beverly Hills fame, who recently settled a lawsuit that had been brought against her and her late husband Russell over allegations that they defrauded MyMedicalRecords.com for over $1.5 million while they claimed to seek funding for the company’s growth.

I love a fun video and everyone on the PurseBlog team is constantly sending videos back and forth to keep ourselves entertained. Some are informative and some are simply to add laughter to our day. I had a smile on my face from ear to ear and found myself singing along to every word of this adorable Call Me Maybe cover that Rebecca Minkoff, Leandra of The Man Repeller, and model Hilary Rhoda shot as they got ready for the CFDA awards.

Last night marked the 2012 Council of Fashion Designers of America Awards. To be invited to join the CFDA is an honor, but to be chosen as a nominee and then win is a major feat. That’s why we’d like to send huge congratulations to Reed Krakoff for winning Accessory Designer of the Year at last night’s ceremony. The CFDA awarded him with this honor because they felt he has made the most outstanding contribution to the market and has influenced the direction of accessory design with his Spring and Fall 2012 Collections.

As some of you have probably read, there’s a set of photos going around the Internet that purport to show Clint Eastwood’s 19-year-old daughter Francesca Eastwood chewing on, sawing in half and then setting ablaze a “$100,000 Hermes Crocodile Birkin” (scare quotes intentional, you’ll see why in a second), all in the name of art. (“Art.”) The photos appear on the website of photographer Tyler Shields, Eastwood’s boyfriend, and their creation will reportedly be documented in an episode of her E!

According to a recent study by the Luxury Institute, Seattle-based department store Nordstrom is the leading retailer among wealthy American shoppers. The industry research firm surveyed shoppers with household income of $150,000 per year or more for the 2012 Luxury Consumer Experience Index, Women’s Wear Daily reports, and Nordstrom came out on top in a survey that included questions about satisfaction with store personnel, in-store experience and customer satisfaction.

Not long ago, a friend who works for a major fashion brand asked me, out of the blue, which handbags designers I thought sold the best at department stores. For some reason, it was a question I had never quite thought about in those terms before; so many of the most sought-after accessories labels don’t retail through third parties that it’s hard to gauge where the rest of the pack ranks without solid facts and figures in front of me.

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