Ring the Alarm: New Couple Alert! Is love in the air once more for exes Pete Wentz and Michelle Trachtenberg?

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Move over, Law & Order: Los Angeles: Michelle Trachtenberg is set to star in a new CW crime drama, which the Buffy alum will also develop and co-produce.

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Actress Michelle Trachtenberg is celebrating the launch of her handbag collaboration with Botkier with a sexy spread and intimate chat with the Feb/March issue of Complex – on newsstands Feb. 8. The actress –who also appeared on the NBC medical drama Mercy — created a special bag for Shopbop.com, whose proceeds benefit Oxfam International. Michelle’s looking pretty good in that mask — but she always has had a thing for accessories. Just last fall, Trachtenberg was tapped to design jewelry for Coach’s Poppy Collection.

Keep your eyes peeled for the actress’ return to Gossip Girl, where she is reprising her role as backstabbing baddie Georgina Sparks.

All the girls are gossiping about Coach’s new celebrity designer. Gossip Girl’s Michelle Trachtenberg has inked a deal to design a stylish collection of costume jewels — complete with colorful crystals and faux pearls — for luxury brand Coach, Women’s Wear Daily has learned.

Michelle will be lending her talents as a freshmen stylista to Coach’s “Poppy” line for young adults.

The collection debuts next spring.

Oh snap! Ashlee Simpson has been left shamefaced after getting into a drunken war of words with the former girlfriend of husband Pete Wentz. Read the rest of this entry »