Fashion News Roundup: The Rise and Fall of The Hipster, Tracking Down Those Gap Wedges and Ally Hilfiger to Design

Investigating The Hipster: High-brow literary journal n+1‘s investigation of the rise and fall of the Hipster started with a panel at The New School and has culminated in a text entitled “What Was the Hipster?: A Sociological Investigation.” You can purchase it here for $10. {The Moment}

Wedding Bandz: Katy Perry and Russell Brand are married now. Katy wore Elie Saab and the wedding gift bags included custom “Katy” and “Russell” Silly Bandz. {Styleite}

A Gap in Inventory: Leave it to Racked to track down the highly anticipated Pierre Hardy for Gap wedges. Unfortunately, the results of their NYC findings were pretty dismal. Apparently, Fifth Avenue and 54th Street only received five pairs (all of which are probably gone by now). Times Square had “a few sizes” and 34th street had nothing. All stores are hopefully awaiting more shipments. {Racked NY}

Tommy’s Girl: Ally Hilfiger, who we loved on Rich Girls but hasn’t done a whole lot since, is working on a clothing line. She’s collaborating with Nary Manivong, whose collection she styled for the past two seasons. The collection, set to launch for Fall 2011, will be a range of shirt dresses and will be manufactured entirely in New York. We look forward to seeing what she comes up with and we have to give her props for not riding on her father‘s coat tails as much as she could have, even if she is following in his footsteps. {Fashionologie}

What Leibovitz Lacks: We were all shocked last year when it was revealed that Annie Leibovitz was millions of dollars in debt. It’s hard to understand why one of the highest paid and most in-demand photographers ever would have that kind of financial trouble. Unless…no one wants to buy her work? {Financial Times}