• BCBG Max Azria is trying to find a $230 million loan to refinance an existing debt. [WWD]

• In addition to Stella Tennant’s cover, i-D’s issue on hedonism has five other covers. Here’s one with Daphne Groeneveld (shown); others feature Behati Prinsloo, Amber Valletta, and Kristen McMenamy. [Models.com]

• Stefano Gabbana leaked June’s Vogue cover on his Tumblr: It’s Penélope Cruz, shot by Mario Testino, wearing a white lacy Dolce & Gabbana piece reportedly very similar to the recent Vogue Paris’ Gisele cover. But Vogue wasn’t happy and made him take the image down. [Styleite]

• Peggy Drexler says Jenna Lyons let her son Beckett watch clips of the brief controversy over pictures of him wearing nail polish that appeared a few weeks back: “He was just like, ‘I’m on television! I’m on television!’ It was very cute. He was over the moon.” [WWD]

• The L.K. Bennett wedges Kate Middleton wore the day after her wedding are being rereleased and renamed ‘The Kate.’ [Catwalk Queen]

• A Japanese telecommunications company is investing $62.5 million in Gilt Groupe and will buy a 50 percent stake in the site’s Japanese subsidiary. [WWD]

• Lady Gaga thinks that the most controversial part of her “Judas” video is that, at one point, she’s wearing Chanel and Christian Lacroix in the same frame. [E! News/YouTube]

• And here’s the full list of fashion credits from the "Judas" video. [Nicola Formichetti/Blogspot]

• Nepal is trademarking the term “Chyangra Pashmina” — after the breed of goat that produces the superfine and fluffy wool used in pashminas — to distinguish and protect the real deal from a flood of knockoff products. [Independent UK]

• Princesses Beatrice and Eugenie will be wearing Philip Treacy hats to another royal wedding this summer — yay! [Daily Mail UK]

• Mary-Kate and Ashley Olsen released the fall lookbook for their Textile line. [Refinery29]

• Lulu Guinness will be expanding her brand’s presence in Asia, with new stores planned in South Korea, Malaysia, and Singapore. [WWD]

• Here is a picture that Victoria Beckham tweeted from her baby shower. She’s all dressed up in toilet roll. [Catwalk Queen]

• Victoria Beckham also tweeted about Gisele wearing one of her dresses this weekend, saying the supermodel’s choice was “A dream come true for me!!!” [Vogue UK]

• Sarah Jessica Parker is hosting an event for 40 fashion bloggers at this year’s Pitti trade shows. [Fashionista]