• Alexander Wang tapped Azealia Banks to be the face of his T collection for fall. [Style.com]
• Though they now have the option to compete in T-shirts and shorts, the U.S. female Olympic volleyball players insist on continuing to play in their teeny bikinis. [NYP]
• And in more Olympics news: Basketball players Kevin Durant and Carmelo Anthony posted a picture of themselves in their Ralph Lauren–designed uniforms. They really manage to make the berets work. [Twitter via Fashion Law]
• Daphne Groeneveld goes for baroque in a feathered jacket on the cover of WSJ. magazine’s September issue. [Design Scene]
• São Paulo Fashion Week is becoming one of the biggest fashion weeks in the world. [ExecDigital]
• Pregnant Alessandra Ambrosio appeared in an editorial for Love magazine, shot the day before she gave birth. [My Daily UK via Fashionista]
• LVMH’s net profit rose 28 percent in the first half of the year, thanks to Louis Vuitton and Bulgari, along with U.S. and Asian growth. [NYP]
• Construction is finally set to start on the Colosseum — eighteen months after Tod’s CEO Diego Della Valle was given the go-ahead to restore the monument. [WWD]
• A new scoring system tells companies how environmentally sustainable their clothes really are. [WWD]
• Fifth & Pacific Cos., Inc. says that strong sales at Kate Spade will offset weakness at Juicy Couture. [WWD]
• Speaking of, Kate Spade plans to open a flagship at 789 Madison Avenue. [WWD]
• Thinking about redecorating? Why not pick up some Hermès wallpaper? [Vogue]