The Last Valentino Post We'll Do For The Next Week. Promise!

  • In an unexpected twist, Valentino has bought a 45% stake in Proenza Schouler. Is it just us, or is there something strangely meaningful in a design-house headed by Mr. I-Don't-Wanna-Retire-Yet investing in a label headed by two of fashion's youngest up-and-comers? [WWD, sub req'd]
  • Congratulations to the newest members of the Council of Fashion Designers of America! Tory (puke) Burch, Phillip Lim, Rachel Roy and many, many others now get to pay dues and kiss the ass of Big Mama Diane Von F. [WWD, sub req'd]
  • Brands totally matter, according to a highly objective survey conducting outfit called "Brand Keys." Which matter most? Chanel, Armani, Ralph Lauren, and (who knew?) Brooks Brothers. [WWD, sub req'd]
  • The Kenneth Cole brand is turning 25 this year and to celebrate, they're not showing up at September Fashion week. Underwhelming! [WWD, sub req'd]
  • New Liz Claiborne CEO William McComb is demanding a "strategic review" of all the company's brands today, which just might be code for "let's sack everyone and award all their salaries to me." [WWD, sub req'd]
  • The finalists for the UK's Fashion Fringe Awards have been asked to design a pair of sunglasses for British chain store Superdrug. We care because, duh, there's a store called Superdrug! [Vogue UK]
  • Not-so-ironic t-shirt designer Katherine Hamnett came in the top spot in a poll of England's most influential people in the realm of ethics. We can't decide is this is either sorta cool or really disheartening. [Vogue UK]