The cover is shot by Hyea Won Kang. (source)
Click here to view last year cover featuring Lara Stone, here to view 2015 cover featuring Saskia De Brauw, here to view 2014 cover featuring Suki Waterhouse, here to view 2013 cover featuring Saskia de Brauw, here to view 2012 cover featuring Karlie Kloss, here for 2011 cover with Tang Wei and Hyun Bin, and here for 2010 cover with Kim Tae Hee.
Natalie Westling is wearing Balenciaga on the fifth cover of Dazed Magazine 25th anniversary. Photo by Walter Pfeiffer with styling by Robbie Spencer.
Click the links to view Pamela Anderson, Gigi Hadid, Kate Moss and FKA Twigs cover version. (source)
The covers with Natalie Westling and Jean Campbell are photographed by Theo Wenner, styled by Haley Wollens. Hair and make up by Akki Shirakawa and Aaron De Mey. (source)