Chanel Just Paid the Highest Price Ever for a Rodeo Drive Store

Record setter: Chanel just paid a record-high price for a 11,500-square-foot boutique on Rodeo Drive. The cost: a cool $152 million, which is more expensive than the storefronts for other brands on the same block, like Louis Vuitton and Cartier. The brand officially purchased the space it had previously been leasing. Shop new arrivals from Chanel here. [L.A. Times

Adidas news: Business of Fashion reports that Adidas will sell its first running-shoe styles early next year. In an effort to cut costs, the shoes will be manufactured mostly by robots in a German factory. [Business of Fashion

Celebrity beauty trend: The beauty trend du jour in Hollywood is pairing a bold red lip with minimal eye makeup. Byrdie spotted the look on stars like Emma Watson, Gigi Hadid, Selena Gomez, and Kendall Jenner. In other words, it's high time you tried it out too. [Byrdie]

Cook like RHW: Rosie Huntington-Whiteley shared a delicious recipe for lemon drizzle tea cakes on her Snapchat, and MyDomaine has all the step-by-step instructions you need in case you missed it. Yum! [MyDomaine]