The Week in Fashion: Miley Cyrus Goes Micro on a Michael Jordan Jersey, Billabong's Financial Wipe Out, Kenzo x Vans Sneaker Collab

The week's top stories in fashion news: Miley shoes up her VMA performance by going DIY on a collectable Bulls jersey, Opening Ceremony makes its NYFW debut, and more.

The week's top stories in fashion news.

Because nothing goes together like fast cars and fine Italian loafers, Ferragamo is sponsoring the world premiere of Rush, Ron Howard's latest film about the rivalry between 70s-era Formula One champs Niki Lauda and James Hunt. Massimiliano Giornetti, the brand's creative director, created crisp, tailored pieces for Lauda (played by Daniel Brhl) to reflect "an extremely determined sportsman obsessed with perfection." (The H Mag)

NSFBF (not suitable for basketball fans): Miley C., fresh off her tongue-wagging, thigh-flexing twerktacular at theVMAs, chopped up a realMichael Jordan Bulls jersey and turned it into something more suited to her lifestyle—a red hot #23 bikini. (Bleacher Report)

Outfitters of the downtown-chic set, Opening Ceremony will stage its first show at New York Fashion Week. The brand has hosted presentations forChloë Sevigny's capsule collections, but this will be its first independent showing. To mark the occasion, OC is also hosting a pop-up market at Pier 57 (Sept 5 to 12 from 11am to 7pm) that will include fashion finds and the hippest high-calorie accessory, the cronut. (Vogue UK)

Looks like Billabong is riding its final wave: The Australian retailer estimated the value of its namesake and Element brands at $0 after suffering a year of nearly $800 million in losses. For surf guys and gals everywhere who grew up with the brand's signature board shorts, the news is seriously gnarly (and we mean the bad kind). (Forbes)

It's time to kick up your sneaker game. The latest installment of the ongoing collaboration between French house Kenzo and USA sneaker-maker Vans has finally dropped online, and the kicks feature digital cloud prints, lightning bolts, and—our favorite—a "flying tiger" motif. (Kenzo)

—Blair Pfander. Follow her at @blairpfander.

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