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Your morning fashion and beauty report: Target makes a World Cup fashion gaffe, Soccer star Ronaldo makes a fashion pitch, Speedos make a comeback

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Ralph Lauren is about to get about $900 million richer, by shedding part of his interest in Polo. [WWD] (subscription required)

Brigitte Bardot is still a design inspiration: Monday night, Lancel introduced its new leather-free bag inspired by the animal-championing actress, and Tuesday marks the introduction of updated flared stretch pants like the Kartings she modeled in the ‘70s. [WWD]

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Whoops! As a World Cup tie-in, Target offered a T-shirt with the Spanish flag emblazoned on the front, but it was the flag as it appeared under the fascist regime of Francisco Franco, not as it is today. [The Consumerist] Too late to buy one: They’ve been pulled from shelves.

Is Dsquared2’s fall/winter ad campaign the weirdest ever? The museum theme may showcase the clothes, but what’s with all the blood, nude (male and female) models, and the sadomasochism vibe? [Huffington Post]

Christie’s has called off the planned September auction of late stylist Isabella Blow’s wardrobe after a private buyer purchased the whole thing to keep the collection of Alexander McQueens, Gallianos, Monolos, Treacy hats, et al, intact. [WWD]

Model Chanel Iman shows off her mom’s new the Red Bag Boutique in Culver City. [Modelina]

Gisele Bundchen is back on the catwalk at Sao Paolo Fashion Week, six months after giving birth to baby Benjamin. [People]

Bravada Activewear, which promises a sassier ‘Brazilian’ flare, is now open on Robertson Boulevard. [Mondette]

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Not sure if it’s fair to blame ‘Sex and the City 2’ for this, but sales of Speedos are on the rise and some of our colleagues across the pond are pointing the finger. [Telegraph]

Beefcake of the day: Super-hot soccer star Cristiano Ronaldo modeling underwear for Emporio Armani. No more need be said. [Telegraph]

How to emulate the luxe look of cropped knits. [FabSugar]

Julia Roberts is the new face for Lancome’s newest mascara. [StyleList]

American Apparel, under fire on a number of fronts, posted to a statement online responding to critical reports about its ‘grooming guidelines’ for store employees -- and included top man Dov Charney’s phone number. So now he is fielding phone calls in bed at 7 a.m. [The Cut]

-- Susan Denley

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