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All the bits fit to print here, in our daily news roundup.

  • Peter Som will not show at New York Fashion Week this season. [The Cut]

  • Marchesa, Michael Kors, and Prabal Gurung have reportedly all been tapped to send dress options for Michelle Obama to wear at President Obama's inauguration next week. [WWD]

  • It's official: Domenico Dolce and Stefano Gabbana are billionaires. [Forbes]

  • The recently launched site, Fohr Card aims to be the first verified directory of fashion bloggers. [Racked]

  • The editor shakeups continue: Susan Cernek has left her position at Glamour. [Twitter User Cindy_Leive]