One year ago, Phoebe Philo resigned from her position as creative director at Chloe so that she could be a stay-at-home-mom. Since that time, Philo has popped in and out of the headlines with small projects such as her designer collaboration with the Gap. However, the most exciting Philo news is the rumor that British Vogue printed earlier today in which Phoebe Philo was said to be launching her own line of clothing! And as Vogue put it, it's not a question of "if", but a question of "when".

No doubt Phoebe Philo clothes will never fit into my modest clothing budget, but I'm nonetheless excited to see what she creates for her own label.