This Thursday for New York's Fashion's Night Out, this gallery-style boutique celebrating one of a kind rarities and the art of luxury will transform its bi-level Madison Avenue shop into destination Switzerland.

NY Fashion Week will feature the first Helmut Lang runway show in five years. The Helmut Lang brand was once one of the most popular in world, featuring luxury fabrics and minimalist cuts. After being sold to Prada in 2004 – and Lang’s subsequent departure – the label was sold to Theory of Japan in 2006. Link Theory relaunched the brand in 2007, and now it is under the design and direction of Michael and Nicole Colovos. The move has re-energized the brand and brought it back to prominence. The Helmut Lang label is now in luxury department stores and Helmut Lang boutiques around the world.

A list of some of London’s must-attend beauty events during Fashion’s Night Out on September 8.

Hermès, one of the oldest luxury fashion houses from France is finding it difficult to meet the soaring demand for their high end (and high-priced) £500 silk scarves and £6,000 handbags. The company has declared a 50% jump in the profits for the first six months of the year. Its famed Kelly and Birkin handbags are witnessing unprecedented demand in the US and Japan.

Four of the ten priciest streets in America are in Manhattan: Times Square, East 57th Street and Madison Avenue follow Fifth Avenue, in that order.

In anticipation of Fashion's Night Out West Hollywood, Taste Fashion will bring together the worlds of high fashion and fine dining, presented by The Avenues: Art, Fashion and Design District.

The Victoria Beckham Collection gleams with a woman's most obvious status symbol, a $29,600 handbag.

Singer Lady Gaga and her fashion designer sister are teaming up to create a clothing line inspired by Hollywood style icons.

Not just for kindergartners armed with an Elmer's glue bottle - fashion house, Christian Louboutin, glued plastic googly eyes all over a pair of couture stunners, and voila, the "Déjà Vu” stilettos. Yes, the latest red-bottomed heels are covered in plastic googly eyes, just like your kids' arts and crafts project.

London has overtaken New York as the world's fashion capital for 2011, according to a survey by the Texas-based trend analyzer, Global Language Monitor. Based on a system that tracks the frequency of words and phrases in print, electronic and social media, London has officially claimed the top spot - a spot which New York has proudly claimed for several years previous. The sudden fashion switch, likely the result of a surge in media interest fueled by the tragic suicide of British designer Alexander McQueen, and the Duchess of Cambridge's glamorous nuptials, which have turned her into a global fashion icon.

Model and television hostess, Hope Dworaczyk, parades the Montage Residences, Beverly Hills in eveningwear and high jewelery

The decadent adventures of the Haute man and woman