good, but...
there are some things i would change: the first is the layout, it doesn't seem a magazine, you need more titles. the second one is about the language: i'm italian and as far as i understand what your intention were i would write this:
"Rivista di Moda"
"Italia"
"Numero 32"
"Belle mode create dalla bella Libella!" (or if you want to be more realistic "il meraviglioso stile della bella Libella!")