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You may not know his name, and you probably haven’t read his magazine, but you certainly could learn a thing or two from Businessweek EIC Josh Tyrangiel. He works his tail off every week making hard news fun for the rest of us. Let’s get to know him, shall we?
BY ALEXANDRA ILYASHOV

Time to step aside Jean Paul Gaultier! In “best news ever” news, Marc Jacobs has been announced as the new creative director for Diet Coke (!!!!!!!), and will be designing cans and bottles set to come out in Europe next month. Muscle Man Marc also appears shirtless and ripped in new ads for them.

In the midst of his super secretive gig with Oscar de la Renta, John Galliano exited a Paris courtoom today with another small victory towards his road to redemption. The news? The French Labor Relations Court ruled that they were qualified to hear the designer’s side of the story, which is bound to come out in his $15 million lawsuit against his former employer Christian Dior and namesake label John Galliano. This is just the first step in what will undoubtedly be a long battle. Galliano’s lawyer, Chantal Giraud-Gaver, said it could take years due to a back-up of cases at the court.

Michael Kors is leading the pack in what will likely be the new downtown fashion mecca. Today it was announced that the designer will be opening a 1,700-square-foot retail space at Brookfield Place, formerly The World Financial Center. The news comes on the heels of Kors’ recent announcement of the impending opening of a 17,000-square-foot retail opening in Soho, the brand’s largest store in the world.

Someday there won’t be enough labels left for all the celebrities wanting to get in on the collab action, but until that day comes, we’ll continue to report on Hollywood stars becoming designers. We consider it an honor. Today brings the joyous news that Kate Hudson will be making her design debut with Ann Taylor.

Barneys’ newish owner, Richard Perry, bought the company last year and is already making some moves, literally: The company plans to open a flagship store complete with a Co-Op outpost somewhere downtown, likely below 14th Street. The news follows a recent announcement that the company will shutter its 18th Street Co-Op location on March 1st. Sad news for Chelsea-based chicsters!

Red haute! Mario Testino shot Michael Kors’ Spring campaign starring Karmen Pedaru and Simon Nessman. “We wanted the campaign to highlight the crisp, graphic feel of the Spring collection in bold California colors,” Kors explained in a statement. New Yorkers have a reason to celebrate with the just announced news that the brand will be opening their largest store in the world later this year in Soho.

Following in the footsteps of Jimmy Choo and Christian Louboutin, Nicholas Kirkwood has ventured into outfitting the soles of men. We first caught wind of the plans for the new menswear line back in October, when Kirkwood broke the news to us about the future launch.

Changes ahead on the department store front: Macy’s is reconfiguring its retail layout for 2013 and beyond. The shopping giant is shuttering six stores this spring; the largest locations closing up shop will be in downtown Houston, Paseo Colorado in Pasadena, and a five-story store in St. Paul. Additionally, the Fashion Show Mall outpost in Las Vegas will pack it in along with its Belmont, Mass. location, as well as its downtown Honolulu site. As for the good news? Macy’s will be opening up a fresh slew of noteworthy haute spots in the next two years. The list is long: the Shops at Summerlin and a men’s store in the Fashion Show Mall; Mall at Bay Plaza in the Bronx, University Town Center in Sarasota, Fla.; Mall of Victor Valley in Victorville, Calif.; and Gurnee Mills in Gurnee, Ill.. If that isn’t enough to pique your retail interest, the company will also be consolidating two Macy’s at Ridgedale Center in Minnetonka, Minn. into a single 286,000 square feet structure in 2014. New year, new retail map!

Ready for some TGIF-apropos nail news? Not one to follow trivial trends, essie is finally getting into the nail wrap game. It’s about time! The talon experts have rolled out Sleek Stick Stickers available in 12 designs ranging from “Don’t Cheetah On Me” (animal print, obvi) to a blinged-out pattern entitled “Glam It On”.