Your morning fashion and beauty report: Mila Kunis, Jessica Simpson snag magazine covers, while Sports Illustrated’s swimsuit 2011 issue’s cover girl is Irina Shayk

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Mila Kunis, fresh off her success in ‘Black Swan,’ seems to be everywhere. She’s been one of the best-dressed at numerous awards shows, as the photograph here from the SAG Awards attests. And after a stunning cover for our own LA magazine this month, she’s on the cover of the March issue of W, dressed in lingerie and feathers. [People]

Jessica Simpson, right, is on the cover of New York, not because of her singing/reality star career but because her fashion empire is going like gangbusters, with sales expected to rise above a billion dollars -- or about the same in volume as Michael Kors. [People]

Russian model Irina Shayk is the 2011 Sports Illustrated swimsuit cover model. [StyleList]

Victoria Beckham, the Spice Girl-turned-fashion-designer, has been asked to send some pieces from her collection to princess-to-be Kate Middleton. Not for the wedding dress. Everything about that choice is still secret. But Kate is figuring out what (who?) to wear in the very public life she’ll take on as a royal. [People]

Retailers are seeming optimistic, and that may mean more interesting fashion choices for the rest of us. One indication: Buyers at the recent L.A. market for the fashion industry were stretching out of their comfort zones to pick up new lines and unique merchandise. [WWD]

Emma Watson, at only 20, has been named a ‘style icon’ by Elle magazine. [Telegraph]

I like Emma a lot, but I think Blake Lively has true icon status, now that Christian Louboutin has named a shoe after her. It’s a colorful strappy heel. [Vogue UK]

Rumor has it that Demi Moore has dropped Rachel Zoe as her stylist in favor of Zoe’s former assistant Brad Goreski. [New York Post]

WWD has relaunched its blog.

--Susan Denley