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Your morning fashion and beauty report: Odds are out on who will design Kate Middleton's wedding gown.

December 2, 2010 |  8:14 am

Prince William and Kate Middleton Kate Middleton is believed to be zeroing in on a dress designer to gown her for her pending wedding to Britain's Prince William. Oddsmakers are saying there's a 1 in 3 chance it will be Bruce Oldfield, a favorite of London society women who sometimes dressed Princess Diana. No comment from Oldfield. "Just speculation," said a spokesman for the prince. [WWD]

Long, long ago, women tried to hide pregnancies under the dowdiest of smocks. But now, thanks in no small part to stylish celebrities, ladies-in-waiting know they can dress beautifully (a trend the L.A. Times' Image section explored earlier this year). And all year, star moms-to-be such as Amy Adams, Christina Applegate, Claudia Schiffer, Alicia Keys and Ali Larter looked simply smashing. [People] 

William Rast's collaboration with Target is due to hit stores and the retailer's website Dec. 19. The collection of denim and leathers (priced from $17 to $200) is scheduled to be on sale through Jan. 22. [FabSugar], but we all know these covetable capsule collections have a history of being snapped up early. 

Melrose Place boutique Bird is reportedly closing its doors after nine years on the storied L.A. shopping street. The blockbuster sales begin now! [Mondette]

Oprah's makeup artist, Reggie Wells, has designed a new line of compacts for Hissyfit that he says will make putting on your face a foolproof process. The Clockpot line includes eye shadow, foundation and bronzer-blusher compacts, each fitted with five pans of hues in a clocklike circle. You simply move around the clock to create the look you're after. [StyleList]  

Haider Ackermann, whose new line for men created quite a stir, plans to discontinue it after the first collection. [WWD] (Subscription required.)

Marc Jacobs' long-awaited Tokyo flagship -- which already has won architecture awards for its striking design -- is about to open. [WWD] (Subscription required.)

-- Susan Denley

Photo: Kate Middleton with Prince William. Credit: Ben Stansall / AFP/Getty Images

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