Style Notes: Penelope Cruz Designs Bags; September Issue Cover Stars Announced

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Penelope Cruz and her sister Monica

Five fashion headlines to get you closer to your day off.

As they say, the family that designs together stays together — which Penelope Cruz and sister Monica are proving with their new collection of bags for Madrid-based label, Lowe. The duo last joined forces on a capsule collection for Mango in 2007. “We wanted to do something special but also practical, and we wanted the design to have an unmistakable Spanish element,”  Penelope told WWD. The collection, which will launch with a crossbody style, hits stores Nov. 1. [WWD]

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Women’s fashion and lifestyle magazines have booked their starlets for their inaugural – and competitive – September issues: Kate Upton will cover ElleJennifer Aniston will grace GlamourBlake Lively will boast LuckyKristen Bell will take RedbookZooey Deschanel will return to Marie ClaireNina Dobrev will cover CosmopolitanLily Collins will claim SeventeenJennifer Garner will opt for Allure, and Rooney Mara will front T: The New York Times Style MagazineCara Delevingne will cover W and Jennifer Lawrence will grab her first Vogue cover. [StyleList]

Besides helming Balenciaga, Alexander Wang has released his third line of objects, just in time for stylish summer barbecues. Candleholders, coasters and cases of dominoes and playing cards are embossed in stingray and snake, all in a sleek, chic shade of black. We’ll opt for pairing those inflatable pool rings, beach balls and – leather teddy bears? – with brightly-colored bikinis and cocktails with equally radiant hues. [Refinery29]

Those who already worship at the fashion altar of Karl Lagerfeld can worship at his toy shelf  now that the designer has paired with street-inspired Japanese brand Tokidoki on a graphic collection that includes miniature figurines of the Kaiser and his beloved feline, Choupette. Along with the, uh, dolls, fans will find clutches, jeans and scarves comprising the collection, which launches Wednesday in Karl Lagerfeld stores in Berlin, Paris and Amsterdam and online on Net-A-Porter. [Elle UK]

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Not everyone is having a great day in fashion – LVMH has been ordered to pay a fine of $10 million regarding the controversial acquisition of its stake in Hermès. The fine is the highest ever imposed by France's stock market regulator, AMF, and will be appealed by the luxury fashion house, says a spokesperson. [NYT]