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The Week in Fashion: Dsquared2's New Undies, Versace's Crop Tops for Men, Richard Chai Moves to Andrew Marc

The week's top stories in fashion news.

It's the moment you've all been waiting for: Canadian-born, Italian-made purveyor of über-cool threads Dsquared2 is launching an underwear line. (Wait, they haven't done that yet?) The company has released a teaser image that is, in a word, cheeky. See above for the Steven Klein still of Matt Woodhouse "modeling" a pair of the new briefs. (Dsquared2)

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Michael Bastian's long-awaited capsule collection of polo shirts for Uniqlo comes out on Monday, May 20th, just in time to get dapper for your Memorial Day barbecues. Better yet, if you're in the NYC area, swing by Uniqlo's Fifth Avenue flagship on Monday night after 7 P.M. to sip sake with the designer himself. (Uniqlo)

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Donatella hath spoken: Versace's diffusion line Versus is back, and each season will feature a young new designer. The latest line just launched with J.W. Anderson; if keyhole crop tops are your thing, look no further. (Style.com)

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Go Richard Chai! The designer has been tapped by Andrew Marc to serve as creative design consultant to turn the brand around into a modern lifestyle monolith. It's a great opportunity for Chai, especially after he was sadly let go at Filson when the company changed hands. (WWD)

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We're taking a break from this broadcast of men's fashion news items to bring you a developing story from Cannes. Actress Julianne Moore was spotted last night wearing freakishly small—yet still chic— Dior heels. Sound pretty? Look at the pictures and brace yourself for the most awkward red carpet toe appearance you'll ever see. (Fashionista)

—Todd Plummer. Follow him at @toddkingston.

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