Fashion Roundup: Michelle Obama Wore Thakoon; Karl Lagerfeld Moonlights at the Movies; What You'll Be Wearing This Fall

For Barack Obama's acceptance speech in Denver last night, Michelle Obama wore a dress by Thakoon Panichgul. [WWD]

Karl Lagerfeld will help out with two Coco Chanel films currently in the works. He will work with the costumer for Chanel et Stravinsky and supervise the re-creation of costumes for Coco Avant Chanel, starring Audrey Tautou. [Fashionologie]

Burberry is continuing its U.S. expansion by opening its first U.S. children's store on November 7 at The Westchester mall in White Plains. [Vogue UK]

Style.com is introducing an iPhone feature that will allow fashionphiles to view runway shows on their phones, hours after they happen. [NY Times]

Luxury retail firms Gucci and Hermes seem to be benefiting from the recession. [Guardian]

This fall, expect to see beading, embroidery, ruffles, and sequins. [The Independent]