Penelope Cruz Pretends To Design Remarkably Well

  • That line that Penelope Cruz is "designing" for European mass-retailer Mango with her sister Monica? It's apparently good! [FabSugar]
  • Pardon us while we gag: Nike and Lance Armstrong are partnering to create a LiveStrong athletic apparel line. And yes, all proceeds once again go the Lance Armstrong Foundation. [WWD, sub req'd]
  • Watch yourself, Forever 21! There's a new copycat teen retailer in town and its name is Love Culture. It wants your shoppers and it hasn't been sued by Gwen Stefani... yet. [WWD, sub req'd]
  • Want to buy Barneys New York? You have 'til Sunday to trump the two bids for the store currently on the table if you happen to have over $896 million burning a hole in your pocket. [WWD, sub req'd]
  • "I feel very Anna Nicole Smith right now. She liked pink like I like pink." Baby Phat designer Kimora Lee Simmons comparing herself to the late Trim Spa smokeswoman in a previewed episode of her forthcoming reality show (how Anna Nicole Smith!) Kimora: Life In The Fab Lane. [WWD, 2nd item]
  • 3.1 Phillip Lim flagship store! Officially opens today! And apparently Debra Messing thinks that whether she cares or not makes a difference? [Vogue UK]
  • Kate Moss is throwing a big party for Prince, of whom she's apparently been the hugest fan for the longest time, etc. etc., but you know she and Pete had some raging fight a few months ago during which he got all "Purple Rain is overrated bollocks," not because he believed it but because he has this image seared indelibly in his mind of her fucking Johnny Depp to "When Doves Cry," and maybe Pete should just think on that a little longer. [Vogue UK]
  • Designer Luca Orlandi of Luca Luca says his dream job would be Go-Kart racer. We thought this was sorta weird until he mentioned that he used to be a "champion" Go-Kart racer as a child. Um, yeah - and we still want to be ballerinas! [The Fashion Informer]