Drew Barrymore Wore A $25 Dress On The Red Carpet, The Olsens Want to Dress Michelle Obama, And More Fashion News

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Drew Barrymore celebrated her August Nylon magazine cover last night in a colorful, sparkly dress with cut-outs in the back. She scored the dress (which is by Janine) for $25 at a thrift shop in Austin, Texas. FIND! {Fashion Patrol}

Mary-Kate and Ashley Olsen say they want to outfit First Lady Michelle Obama in their fashion label The Row. That's what we call goals. {Harper's Bazaar}

Rihanna reportedly got a new neck tattoo in New York last night. We can't wait to see what kind of ink she added. {The Superficial}

• Can't get enough of Elle magazine creative director Joe Zee on The City? He just got his own show on the Sundance Channel called All On the Line. {WWD}

Evan Rachel Wood and Chris Evans star in Gucci's ad campaign for their new fragrance Guilty, and it's pretty racy. {Design Scene}

JCPenney teamed up with Mango to create a new line called MNG by Mango for "style-obsessed" young people. The collection rolls out in stores Aug. 18, and will include jeans, tops, and tees. {WSJ}

• The hottest makeup color for fall is... PURPLE! {Stylelist}

• Did Emma Watson chop off her locks to play Lisbeth Salander in the film version of Stieg Larsson's The Girl With the Dragon Tattoo? {People StyleWatch}