Sephora’s President May Be Stepping Down; Jennifer Lopez Named Global Ambassador of L’Oréal

• Jennifer Lopez has been named the global ambassador of L’Oréal Paris, which means she will star in their 2011 television ad campaigns, which were filmed last month. [StyleWatch/People]

• Jacques Levy, the president and chief executive officer of Sephora Worldwide, is reportedly stepping down from his position at the end of December. He’ll probably stay on as a consultant until the company finds a replacement. [WWD]

• Katy Perry’s pout was bejeweled with 150 red Swarovski crystals for the cover of Harper’s Bazaar’s December issue. [StyleWatch/People]

• Laffy Taffy, Jolly Ranchers, and Bubble Yum are now selling scented nail polishes. [BellaSugar]

Michael Kors is launching a new fragrance, called Palm Beach. The designer said, “Palm Beach is the closest thing America has to Capri. It’s American glam, over the top and indulgent. I always go in January, when everyone’s in a funk in New York, and show my resort collection. In Palm Beach, people wear fine jewelry to the beach club and a crystal-encrusted bikini is considered a basic. Jackie Kennedy Onassis went barelegged to church. There’s fabulous people watching. What’s not to love?” [WWD]

• Jessica Alba stepped out with her hair in a tight gelled French twist. [Girls in the Beauty Dept./Glamour]