>> Those stories and more in our daily news roundup.

• Toni Garrn has just been anointed as Victoria's Secret's newest Angel. Garrn's first official assignment was appearing in the new ads for the Dream Angels underwear collection alongside veterans Erin Heatherton and Lindsay Ellingson, but she's walked the Victoria's Secret fashion show runway in the past. While we don't know much about her yet, she has admitted she has an addiction problem — "Sweets are really my problem," she laughed. "I could just eat sweets all day, ice cream and chocolate." [Fashion Etc.]
  

• Fashion Week organizers in New York and London have set show dates through September 2014 in the hopes of resolving the scheduling disagreement among the four major fashion capitals. The plan allows New York, London, Milan, and Paris to "successfully plan for the long term" — or at least it will if Paris and Milan cooperate with the new dates. [The Cut]
  

• What was the best fashion film of this season? Victoria by Victoria Beckham, Prada, Lanvin, and Edun, among others, all made inventive and imaginative films to advertise their Spring wares. [Business of Fashion]
  

• Liya Kebede dyed her hair red for the May cover of Harper's Bazaar Spain — or at least she put on a red wig. The model donned head-to-toe Gucci for the cover, which also promises stories about Elsa Schiaparelli and Oscar-nominated actress Berenice Bejo. [Styleite]
  

• An environmental group in Beijing released a report blaming China's manufacturing industry for some "2.5 billion metric tons of sewage in 2010," which makes it the third biggest polluter of water in the country. The report names Burberry, Levi's, Guess, Zara, and Ralph Lauren as companies who have hired "textile companies that violate [China's] environmental laws." [Refinery29]

>> The 161-year-old label Aquascutum entered administration, the British equivalent of Chapter 11 bankruptcy, on Tuesday.

In a statement, Aquascutum executives attributed the company's precarious financial situation to "challenging conditions in the UK," which has "unfortunately meant that the team have been unable to successfully turn the business around."

The company is now in the hands of FRP Advisory, a British restructuring firm. Geoff Rowley, who is leading the administration efforts, says he hopes he can keep the company's doors open.

"We are conscious of the value of the Aquascutum brand and its long-standing heritage and because of this are keen to enter into early discussions with interested parties open to purchasing the business as soon as possible," Rowley said.

Aquascutum lost over $38 million in 2008, and British Fashion Council chairman Harold Tillman bought the struggling brand in 2009 for an undisclosed price. He appointed Belinda Earl as its CEO and hired designer Joanna Sykes as creative director in May 2010. Sykes's work for the brand was well-received, but didn't translate to the turnaround Aquascutum needed.

If the company can't be saved, the 250 people who work for it will be out of work.

Update: Aquascutum announced on Thursday, April 19 that it will shut down its UK manufacturing plant in Corby, Northamptonshire, due to "loss-making operations and a lack of funding." The factory employed 115 people, all of whom the company says will get help finding new jobs.

"Whilst a difficult decision, it has been necessary in order to stem on-going losses for the business, and to protect the positions of the 135 remaining employees," a spokesperson said. "We plan to provide appropriate assistance to all affected employees . . . All head office and retail operations across the UK and international high street, concession and outlet stores are operating as usual at present."

Photo: The finale of Aquascutum's Fall 2012 runway show.