Dimitrios Kambouris/WireImage

In her new film Broken Embraces, Penélope Cruz dresses the part of a mogul’s wife and budding movie star, but at the Calvin Klein Collection-sponsored Cinema Society premiere at the Crosby Street Hotel last night, she looked simply angelic in a long white velvet coat and matching dress from Calvin Klein Collection with glittering Chopard diamonds. “She’s an angel,” said Francisco Costa, who is the Women’s Creative Director, Calvin Klein Collection. “She’s a total clothes horse. She looks amazing in everything.” Costa was also struck at how well the camera reacts to Penélope, even in her off time. “It was quite telling today. I wasn’t in the last fitting, and I got pictures of her in the clothes at the hotel room. And they looked like movie stills. She was just wearing the clothes in the hotel room, but it almost felt like Helmut Newton pictures, there was so much of her in the photos.” Even for a star as graceful as Penélope, it is still demanding to promote two movies at once — her musical Nine is coming out in December, as well. “Well, yes, I’m dressing for two tours at once over these two weeks, so it’s great that I have a team of people that help me.” Luckily after months of rigorous training for her dance numbers in Nine, she looks as fabulous in her red carpet clothes as she does in her revealing costumes. “For Nine, I had to rehearse a number for three months,” said Cruz. “That was the only way to do that, I had singing teachers and dancing teachers. I did dancing when I was growing up. I did classical ballet, but what I do in Nine is a VERY different type of dance. It was really like starting from zero, in a way.”–Jeffrey Slonim

Annie Leibovitz /Vogue

Talk about an all-star cast! Kate Hudson, Penelope Cruz, Nicole Kidman, Fergie and Marion Cotillard team up with screen legends Sophia Loren and Judi Dench to star in the musical Nine along with leading man Daniel Day-Lewis. And though the much-anticipated musical won’t hit the big screen until November 25, Vogue has already caught a glimpse of the killer costumes created by Oscar-award winner Colleen Atwood, who designed couture-like fashions that date back to the ’20s. And while the extras were decked in vintage, the superstar leading ladies had custom-made costumes to make it easier to sing and dance — 350 costumes and 200 pairs of shoes between them! Expect frilly garter belts, satin-and-lace bras, bustiers, hot pants, flapper dresses and fluffy ostrich-feather fans everywhere. The leading ladies tell Vogue how thrilled they are to be part of the movie, with Hudson gushing, “I spent most of my childhood singing and dancing and just never had the chance to do it professionally. So when I got the chance to work with Rob, I was so excited, I was out of my mind.” Marion confesses to a childhood longing to do musicals as well, “It’s been my dream to do an American musical. When I was a child, Annie was my favorite. I just never thought I would get to do it.” Read more from Vogue’s behind-the-scenes peek only at Style.com, including interviews with the A-list cast, and then be sure to pick up a copy of the November issue, on newsstands October 13. Tell us: Are you excited to see Nine?

CLICK HERE TO SEE VOGUE’S NOVEMBER COVER.

Annie Leibovitz /Vogue

Eamonn McCormack/WireImage

Penelope Cruz may have looked red-hot when she arrived at the U.K. premiere of Broken Embraces today in a flame-colored suit that stole the show, but it turns out that she had to let fate play her fashion stylist for the event after her checked baggage went missing on a flight from Madrid to London. Fortunately, like any Hollywood fashionista, the actress was far from unprepared — and went with a stunning Bottega Veneta suit and wedges that she’d stashed in her carry-on. “I think someone took it. I think it was taken by someone with a fetish,” her director, and long-time mentor, Pedro Almodovar joked to reporters of the lost-luggage. Despite the set-back, however, the premiere was a huge success, and a high-spirited Penelope couldn’t help being captivated her surroundings at the grand Somerset House on the banks of the River Thames. “It is beautiful here — this is my first time here,” she said of the venue, which has been used to film James Bond scenes in the past. And while Somerset House might have been new to her, working with the Almodovar is old hat for the actress, whom she first met when she was 17. “I am working with one of my best friends but something changes when shooting starts and he becomes my director. I feel we are constantly moving,” she told reporters. “He is a genius.” Although she attended the premiere solo, her boyfriend, fellow Spanish actor Javier Bardem, was on her mind, and she revealed that the two took in an “incredible” show by U2 while in Paris earlier this month. “I have seen them many times,” she said, and added that she and Javier had even stayed with Bono at his home on the French Riviera for a few nights after the concert. Wonder if her luggage made it that night?–By Simon Perry

Mario Sorrenti for Mango

We have always loved Penelope Cruz’s sexy ads for Mango, and now, the Spanish retailer is heating things up even more — with Scarlett Johansson! After four seasons Penelope is passing the torch to her Vicky Cristina Barcelona costar, who will take her place as the new face of Mango starting with the Fall/Winter 2009 campaign. Unlike Penelope, Scarlett won’t be designing a collection just yet — but Penelope and sister Monica’s line will be on hiatus for fall — but she is no stranger to getting sultry for the camera. The sexy star posed pin-up-style as the face of Dolce & Gabbana Makeup. This time around, Scarlett is taking a more cosmopolitan approach with shaggy hair and dark makeup to represent the chic and independent Mango woman. Tell us: What do you think of Scarlett Johansson replacing Penelope Cruz as the new face of Mango?

Courtesy Mango

The Oscar nominee and her look-a-like sister have returned to strike some very sultry poses for the Mango spring 2009 ads. Penelope and Monica Cruz have been designing a successful line for the Spanish-based retail chain since 2007, making this their fourth season. The line features denim, girly dresses, chic separates and basics all at a reasonable price. You can shop the collection and check out more of the sisters’ sexy ads at “mangoshop.com”. Tell us: What do you think of the new ads?

Jun Sato/WireImage

Please tell us where Penelope Cruz got that gorgeous blue and white plaid jacket! It’s amazing!–Giselle Stephenson

Penelope Cruz and look-a-like sister, Monica, landed in style to Japan. Penelope kept warm during the long flight in a Chanel blue and white plaid toggle coat, which we’ve spotted her in for a year! That said, Penelope’s coat is no longer available, but we have rounded up some similar hooded coats for so much less. Be sure to click here for more of your favorite stars showing off fall’s most fabulous coats.

Get a hooded coat like Penelope!
Optic Dot hooded black and white tweed coat, on sale $150 from $298, anthropologie.com

America Eagle charcoal or navy hooded toggle coat, $140, ae.com

Hayley red plaid toggle coat, $71, delias.com

Roxy ‘Sweet Peas’ babydoll hooded jacket, $64, nordstrom.com

PNP/ WENN; Brian Lindensmith/abaca; Goff/INF

We already know that belts are going to be big for fall, and purple is one of the hot colors of the season — so why not a chic belted purple dress? Keep it monochromatic with self-belt like Debra Messing (in Gaultier) or Penelope Cruz (in Christian Dior), or get bold with a contrasting belt like Diane Kruger’s patent addition to her Gaultier dress. Here are a few of our favorites worth snapping up!

For a Splurge:
Try this Sabrina taffeta dress, $240 from jcrew.com, with this suede sash belt, $58 at bananarepublic.com. Or skip the accessorizing and get this Kyumi belted long sleeve dress, $259 at revolveclothing.com.

For a Steal:
Try this Forever 21 Gathered Knit Tunic, $23 at forever21.com, with this black patent belt, $9 at forever21.com. Or grab this Isaac Mizrahi for Target Trapunto dress with belt, $50 at target.com.

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I LOVE the jeans that Penelope Cruz has on!! Where can I find them?! — Beth

After we put up a post on new denim trends featuring a picture of Penelope Cruz in a pair of flared jeans, an overwhelming number wanted to get them too! Who wouldn’t want to look as good as the Volver star? Turns out that Cruz’s pants are J Brand’s Lovestory jeans — loved by stars including Kate Moss, Jessica Alba, and Paris Hilton. The Lovestory has actually become the company’s best-selling style since their Fall 2006 debut. Get your own pair, $178 at jbrandjeans.com For a more affordable option, try Gap’s flare jeans, $60 at gap.com.

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Celebs can and often do drop big bucks to score the hottest fashion items before anyone else. We recently spotted Penelope Cruz in N.Y.C carrying a gorgeous bag from Prada’s fall collection — the Glacé Zippers Bag which retails for $1,350. Now most of us don’t have Penelope’s budget, but there is always that one item that you’ll scrape all your change together to get each season. In the August issue of StyleWatch (on newstands now), we asked you to tell us the one item you’ll splurge on for the fall. And we really want to know. Tell us: What will be your big fall purchase? Will it be a great bag, a well-tailored winter coat or a pair of killer heels?

Want your answer to appear in print? To have your comment considered for the next issue of PEOPLE’s StyleWatch, please INCLUDE your first name and last initial, your age and your hometown/state.

Splash News Online

Who hasn’t left their home and decided halfway through their day that they just hate the outfit that they put together? When Penelope Cruz left her hotel in Paris last Friday, she was decked in faded blue jeans and a chic white tunic top. . . that became a chic minidress as her day of shopping wore on and her jeans vanished from her look! We think Penelope looks great either way — not many of us have the legs to pull off a mini that micro! Tell us: Which version of the outfit do you like better on Penelope? With jeans or without?

As summer approaches, our thoughts turn to picnics, long days at the beach, road trips — and wearing the right SPF.  From our tinted moisturizer to the heavy duty creams that come out for full days soaking up rays, we have a whole range of SPF products shoved into our bulging bathroom shelves.  With sunny months ahead, we want to know what SPF you’re wearing (and hopefully reapplying like Penelope Cruz does!). Tell us: What SPF do you wear during the summer? Do you switch around depending on your activities and expected sun exposure? 

Want your answer to appear in print? To have your comment considered for the next issue of PEOPLE’s StyleWatch, please INCLUDE your first name and last initial, your age and your hometown/state.

Photo: PICTURES BART/LFI

Move over, Gwen. The ever-stylish Penelope Cruz has just added herself to the list of multi-talented stars who are trying their hands at designing clothing. Along with look-a-like sister (and fellow actress) Monica Cruz, the beautiful duo are designing a line for Spanish powerhouse MANGO (think H&M) — they will also be the face of the brand, so you can look forward to seeing their ads break in the fall. The line will feature 25 pieces, which are a mix of clothing and accessories. While the Cruz line won’t be on sale for a few months, you can shop the current MANGO collection on their website, mangoshop.com. Tell us: Will you wear clothes by Penelope?

Click here to read more about Penelope’s style in Off the Rack.

Photo: Russell Einhorn/Splash News

Penelope Cruz was one of the undisputed standouts of the Oscar red carpet in her elaborte Atelier Versace gown. But the Spanish beauty changed out of the shredded chiffon floor-sweeper into a pearl and crystal encrusted Chanel Couture dress for the Vanity Fair party after the show that we’re just not as sure about. Penelope rarely mis-steps, but the Chanel dress doesn’t seem as flattering to us. Tell us: Which look do you like better for Penelope? Her Oscar gown or her after-party dress?

Click here to vote on Penelope, Kirsten and more in our Oscar Looks: Love It or Hate It gallery. And for more of the latest news and gossip on the Academy Awards, check out our Red Carpet Confidential blog.

Photo: Gilbert Flores celebrity photo; GRAHAM WHITBY/ALLSTAR/GLOBE PHOTOS

Nominated for Best Actress for her role in Volver, Penelope Cruz is the Romantic of this year’s award season.

Signature Look: Strapless and sleeveless gowns (the better to show-off her toned arms) with nipped-in waists. Cruz’s dresses are often embellished with romantic details such as ruffles, lace and bodice-enhancing ruching. Her go-to beauty look? Lush hair and dramatic eye makeup, finished off with a nude mouth.

Favorite Designers: Oscar de la Renta, Chanel and Valentino, with shoes by Luciano Padovan. Cruz also favors simple diamond jewelry by Chopard and Cartier.

What She Will Wear: Though her stylists have looked at sketches from serveral designers, insiders say she is likely to wear Dior.

Click here to see more Red Carpet Fashion in Off the Rack. And for more of the latest news and gossip on the award shows, check out our Red Carpet Confidential blog.

Photo: Tammie Arroyo / AFF; Dave Hogan/Getty; Daniel Deme / WENN

We are well in the midst of awards season with the Golden Globes and People’s Choice behind us and the SAGs coming up this Sunday — but does anything compare with the excitement of the Oscars? We are all abuzz over the surprise nominations — Ryan Gosling for Best Actor, Abigail Breslin for Best Supporting Actress — and we already dreaming about what the nominated ladies might wear on the red carpet. Penelope Cruz, nominated for Best Actress for Volver, never fails to up the glamour quotient, as does Best Actress nominee Kate Winslet with her elegant simplicity. And this year’s wild card is Cate Blanchett, nominated for Best Supporting Actress for Notes on a Scandal, who just keeps taking exciting fashion risks. Tell us: Who are you most looking forward to seeing at the Oscars?

Click here for the full list of Oscars nominees, and for all the award show gossip, check in with our Red Carpet Confidential blog.

Photo: Richard Lewis/WireImage

Wondering what the big trends for the New Year are? PEOPLE Magazine Senior Editor Galina Espinoza appeared on the Today Show this morning to give you the lowdown on the Top 10 trends featured in the February 2007 issue of StyleWatch. If you didn’t catch Galina this morning, tune in tonight to Extra at 7pm to hear all about the trends from PEOPLE Magazine Style Editor Clarissa Cruz. Here’s our hit list of things you will need in your wardrobe for 2007.

1. Bright Accessories Greens, fuchsias and even neons are the hottest shades for shoes, belts and bags. In patent, they’re the ultimate look-at-me accents like these Belle by Sigerson Morrison peep-toe wedges, $290, 212-941-5404

2. Day Clutches will be the new alternative to the oversize satchel. Try the Gustto “Patent Puchette” white leather clutch, $395, Henri Bendel, 212-247-1100

3. Lucite Try chunky beads with basic black for a futuristic but sophisticated look. Check out these clear winners at alexisbittar.com.

Click through to the next page to read the rest of the Top Ten Trends list

Photo:INF; Jeff Harris

4. Wide-Leg Jeans Kate Moss sets another trend! Check out these Level 99 “Susie T” trouser jeans, $99, level99usa.com

5. Silver The metallic of the season! Not just for accessories; try this shimmering look in clothes too. Get the look with this silver skinny belt from Express, $29.50, expressfashion.com for store locations, Bebe quilted leather satchel, $159, bebe.com or 877-232-3777 or these open-toe “Bea” wedges from Ashley Dearborn, $235, Bloomingdale’s 800-472-0788.

6. Cobalt & Yellow Bold and beautiful! These unexpected colors burst onto the runway and red carpet this season. Gold jewelry adds warmth and gives balance to these high-voltage hues like on this Cynthia Steffe jersey necklace tank, $175, The Shak at Stanley Korshak, 214-871-3641. For yellow check out this Hanly chiffon T-shirt with leather detailing, $355, Henri Bendel, 212-535-4955.

7. Rosettes Dresses were covered in these pretty posies on the runway. But for real life, one strategically placed bloom on a dress top, or skirt will do the trick.

8. Cutout Wedge The platform wedge feels less heavy in this latest variation. We recommend the “June” by Betsey Johnson cork wedge slingbacks, $190, coming soon to amazon.com.

9. Wide Trousers Temper this retro masculine style with a feminine top and platforms or high heels. Get the look with a pair of Adam & Eve wool high waisted pleated pants, $295, Neiman Marcus, 877-634-6264.

10. Minidresses Short and loose. It’s the season of the dress. Pair this flirty style with a pair of high wedges. You legs will go for miles. See how short these starlets went here.

They say that the Golden Globes is the party of the year, and with the glittering array of stars on the red carpet, how could it not be? From Penelope’s gorgeous black Chanel couture to Sienna’s gold-flecked Marchesa to Angelina’s draped charcoal gown, we are dazzled by all the beautiful gowns we’re seeing. And of course, we’re dying to see who just got it wrong. Tell us: What do you think of the Golden Globes red carpet? Whose dress do you love — or hate?

Click here to see all the Best & Worst Fashion of the night, and for more of the latest news and gossip on the Globes, check out our Red Carpet Confidential blog.

Photo: Mario Anzuoni /Reuters/Landov