Posh Spice Carries Blinged-Out Birkin; Grace Kelly Rolls In Grave

• Victoria Beckham received a $120,000 diamond-studded Birkin from David for Christmas. To be fair, $120,000 is almost a full week’s wages for the man. [Daily Mail]

• Speaking of celebrity largesse, Michael Jordan has unveiled the latest shoe to bear his Air Jordan imprimatur. It includes a carbon plate “to increase propulsion and explosiveness on-court,” because you will naturally want to wear a gleaming white $190-$230 pair of kicks to shoot hoops. [WWD]
• Before dropping that much cash, you might want to make sure the goods are legit: Shoes are a leading growth segment of the counterfeit market, and this weekend British officials seized fake Gucci, Jimmy Choos, and Nikes with a face value of $3.5 million. [UPI]
• In this week’s first bankruptcy, retailer Searle confirmed it has filed for Chapter 11 protection. [WWD]
• Meanwhile, vintage jeweler Fred Leighton is financially shaky, and actively courting "equity partners,” according to one of its owners. "But in terms of the time and environment it’s never enough people…There’s never enough money." The jeweler hired Peter Bacanovic, the former Merill Lynch trader who lost his job and served jail time for his role in the Martha Stewart ImClone insider trading scandal, as company president last year, but fired him this weekend. [WWD]
• Former Chloé designer and Anna Wintour favorite Phoebe Philo was all set to get back in the biz at Céline this spring, but apparently clashes between Philo and her label’s new CEO, Marco Gobbetti, are dimming hopes for her triumphant return. Philo had intended to show her first collection for the French label via a presentation at Paris fashion week this March, and to follow with a runway show in October. But sources say a team has been put in charge of the presentation collection. A company spokesperson gave this cagey response: “Phoebe's debut show will be in October, as has always been planned and we are as excited as ever for Celine's partnership with Phoebe Philo.” [Vogue.co.uk]
• Do designers think sober, dependable menswear is recession-proof? Matthew Williamson, Carlos Miele, Gareth Pugh, Christophe Decarnin, Roland Mouret, and, now, Tommaso Aquilano and Roberto Rimondi, who are the duo put in charge of Gianfranco Ferre less than a year ago, are all debuting collections for persons of the male persuasion. [Fashionista]
• Valentino's menswear designer, Ferruccio Pozzoni, however just quit. The renowned Italian house fired its womenswear designer, Alessandra Facchinetti, in October, after just one season. [Reuters]
• Who dressed Jeremy Piven for the Golden Globes? Two designers are claiming credit for the actor's tuxedo. Domenico Vacca and John Varvatos each sent out press releases offering details of the star's outfit, proving once and for all that even the people who design these things can't tell one black suit from the next. [WSJ]
• Kanye West showed off a pair of the shoes he designed for Louis Vuitton on his blog. They look like puffy Docksiders in a practical shade of white. [Sassybella]
• NY Mag asked Patricia Field what she keeps in her handbag at the Lous Vuitton/Stephen Sprouse event last week. "A revolver," shot back our favorite flame-haired stylist extraordinaire. [Daily Intel]
• At the same event, Ice-T told reporters he and his wife, Coco, are cutting back on expenses. "You don't want to be like, 'Damn, I wish I didn't buy that $8,000 jacket,'" said the star, who wore a $100 suit from Bangkok. Coco's solution? Wear less. "My wife — everybody knows Coco likes to show her body, but I tell her all the time, 'If everybody looked like you, they'd be walking around naked. You're lucky.' And she's like, 'I just want to be nude.' And I'm like, 'Yeah, because you look good.'" True love, people. [The Cut]
• Will the first daughters wear a namby-pamby cheese-eatin' cafe-au-lait-drinkin' surrender-monkeyin' French label at the inauguration? Or will they wear good, honest, 'Merican clothes spun of pure hope and freedom fibers, woven on a liberty loom? Froggy kid's label Bonpoint sent the Obama family some outfits for Sasha and Malia, but the fact that they're willing to give details of the garments seems to indicate interest was underwhelming. [WWD]
• Robin Givhan's reader contest for a Michelle Obama inaugural gown has yielded a winner, in the form of Katie Ermilio, a 23-year-old up-and-coming designer from Philadelphia who has previously dressed Julianne Hough of Dancing With The Stars. At the site, you can see Ermilio's deep green dress with a draped, criss-crossed bodice, along with all all the other submitted designs. Some labor under, as Givhan writes, a misimpression that "the 44-year-old, physically fit lawyer who will soon be first lady would like to look like a 70-something mother-of-the-bride on Jan. 20." [Washington Post]

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