Style Notes: Carey Mulligan’s Roaring Vogue Cover, Beyonce Makes H&M Debut

In keeping with Baz Luhrmann’s bright and indulgent interpretation of the Roaring Twenties, Carey Mulligan covers the May issue of Vogue in a green gown from Oscar de la Renta’s fall collection (without the flower brooch it wore on the runway) with a silver cloche hat and Tiffany and Co. jewels. She recalls how she started “sobbing” when she learned she’d be Daisy Buchanan — just after presenting with Karl Lagerfeld at the CFDA/Vogue Fashion Fund Awards in New York and while coincidentally sitting across from Catherine Martin, Luhrmann’s wife and Gatsby’s costume designer. For a fashion spread directed by Grace Coddington, the Great Gatsby damsel also poses for Mario Testino in lavish looks from Chanel, Dior and Nina Ricci, complete with hats and headbands. Our favorites? A blue Miu Miu gown embroidered with Swarovski Elements, and a blush Alexander McQueen dress of ostrich feathers and chiffon-covered pearls. [Vogue]

VIDEO: New ‘Great Gatsby’ Trailer Offers Beyonce, Lana Del Rey and Platinum Extravagance

Beyonce makes her H&M summer spokesperson debut from a seaside shoot in the Bahamas, clad in bikinis of black fringe and tropical tie-dye — looks that the pop star helped conceptualize and mirror her own personal style. She posed for fashion photographers Inez van Lamsweerde and Vinoodh Matadin with gold jewelry and flower accents in her hair, and also models a pair of high-waisted shorts with a chic sleeveless button-down top. Keep your eyes peeled for a coinciding commercial directed by Jonas Akerlund and features a new track called “Standing On The Sun” — not to be confused with her Pepsi ad spots and Mrs. Carter tour promotions. [StyleCaster]

Celebrities flocked to Coachella this past weekend, each in their typical musical festival fashions: Robert Pattinson and Kristen Stewart jammed out to Jurassic 5 in inconspicuous zip-up hoodies, Katy Perry opted for a black-and-white animal print, Hilary Duff wore a military-inspired blazer and Ireland Baldwin sported patriotic elements from head to toe. Paris and Nicky Hilton each wore patterned dresses, while Alessandra Ambrosio and Kate Botsworth preferred shorts in lace and scallops. Cutest couple? Emma Roberts and Evan Peters celebrated their one-year anniversary at the same Indio desert where they first met. [LAist]

STORY: Emma Roberts and Francesca Eastwood Defy Gravity in Tyler Shields’ ‘Suspense’ Photo Series

The terry cloth track suit is up for grabs. Fifth & Pacific Cos. is reportedly fielding bids for their Lucky Brand and Juicy Couture labels, which has a combined value of at least $700 million. Sources say that VF Corp., E-Land Group and buyout firms Leonard Green & Partners LP and Advent International Corp. have signed confidentiality agreements for access to Fifth & Pacific’s financial data. First-round offers for either the denim brand or the women’s label (not necessarily both) have been requested by the end of the month, with the goal to sell in July. [Business of Fashion]

While speaking on Miu Miu’s spring collection that incorporated warm-weather furs, Miuccia Prada commented that the particularly seasonal texture in the summertime is an “exaggerated femininity,” which she believes is fashion’s current need. Prada told WWD, “There’s also a need for femininity at the moment…This is a very complicated question. We are losing the old power and not really knowing what is the new power…It’s the side that pleases men. It’s not a direct power but a power through men, which I hate but we have so much in ourselves.” She also elaborates on the hypocrisy of the industry (herself included, since she doesn’t like furs much herself) and why the process of dressing stars for the Oscars is “slightly inhuman.” [WWD]