The American Victoria’s Secret Angel is wearing a black Rag & Bone top and nude Salvatore Ferragamo pants on the cover. (source)
Click here to view last year cover featuring Zuzanna Bijoch, here to view 2012 cover featuring Anne Vyalitsyna, here to view 2011 cover featuring Zuzanna Bijoch, here for 2010 cover with Shannan Click, and here for 2009 cover with Kate Moss.