• Today in pointless clothing lines of the stars: Miley Cyrus and Max Azria's Wal-Mart collection! The digs look well worth every penny of their sub-$20 price point. [Lucky]
• Now, even the Kings of Leon has one. [Blackbook]

• Lady Gaga wants in on the action. On starting a clothing line, she told Flare magazine, "At some point, I will. Right now, I'm more concerned with using my fame to promote young designers such as Gary Card, an artist who designed a piece I used on stage." Why would she do such a thing? "There hasn't been a commercial artist lately that has embodied avant-garde and couture so insistently as myself." [ONTD]
• Gaga has one new position to console herself with: M.A.C. Viva Glam AIDS fund face. Cyndi Lauper will co-star in the campaign to sell lipstick and raise money for research. [WWD]
• The British Fashion Council and British Vogue are launching a fashion prize to encourage young talent, somewhat along the lines of the American Vogue/CFDA Fashion Fund awards, which kicked off in 2003. £200,000 will be awarded to one UK designer who can demonstrate he or she has international stockists, a media profile, and demonstrated need of the money. [Telegraph]
• Angelina Jolie and Shiloh are apparently fans of Stella McCartney's line for GapKids. [Radaronline]
• That Christian Louboutin made his first public appearance in Washington, D.C., under Obama's watch is no coincidence. "For eight years I was invited, but I never wanted to come before. I never wanted to come with Bush," says the shoe designer. "I'm looking forward to coming back — at least for four years." We really want to make a crack about voting with your feet here. [WaPo]
• Roberto Cavalli: "All over the world people don't treat me like a fashion designer; they treat me like a rock star… I can't walk down 5th Avenue without being treated like a rock star. In fact, maybe it's more… Many times I've walked down 5th Avenue with rock stars and nobody pays attention to them. It's very strange." [FWD]
• Gisele Bundchen passed the written exam portion of her pilot's license. Although heavily pregnant, and "Almost too big to fly," according to her instructor, she's still making supervised practice flights up to three days a week. [People]
• Karolina Kurkova has given birth to a baby boy. [People]
• Kelly Osborne: Fan of Spanx. [People]
• Christian Siriano says his new reality TV show will reflect the best of several recent high-profile fashion documentaries. "It's very like The September Issue, very Valentino [The Last Emperor]. We want it to be as cool and as real as possible." Apparently, September Issue director R.J. Cutler wouldn't touch the project, but he did advise Siriano "just to be real." [The Cut]
• Sadie Frost's clothing line with Jemima French, FrostFrench, is opening its second store in London's Soho. [WWD]
• A real ad man of the 1960s has some bones to pick with Mad Men's treatment of the brand London Fog. So an employee of an industry that manufactures fictions objects to a fictional show's fictionalizing history? We shake our heads at the irony. [AdAge]
• JC Penney is being sued for trademark infringement by the retailer New York & Company. New York & Company says Penney's new "NYC Style" slogan is too close to its "NY Style" advertising tag line. [WWD]
• Can Sir Philip Green conquer America? [Bloomberg]
• Polo Ralph Lauren reported a 10% rise in second-quarter profits. [TS]
• Bata shoes was, before Communism, an international brand headquartered in Slovakia. The company town isn't doing so hot right now, with the economic transition and the competition from Asia. [BussinessWeek]
• Liz Claiborne may have had seven consecutive quarterly losses, with the announcement of an eight expected next week, but C.E.O. Bill McCombs doesn't have to worry about one thing: his job security. McCombs recently had his contract renewed for another three years. It's not an unusual strategy: only 38 companies in the S&P 500 have replaced their C.E.O.'s in the year to September 30, down 10 on the same period last year, despite the trying economic times. [WSJ]
• Not so lucky is Missoni's general manager, Massimo Gasparini. He has been let go and his position will not be filled. [WWD]

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