t's been a big month for designer Derek Lam—first, his collection for eBay launched and today he announced that he's launching a diffusion line called 10 Crosby Derek Lam. The collection will launch to press and buyers this June and will arrive in stores this November. Priced between $195 and $895, the label will be targeted at urban women who mix a "downtown lifestyle" with a "sophisticated and cultured" sensibility. racked via wwd