Lily Allen Quits Music For Fashion; Obama Breaks With Presidential Dress Code

  • Lily Allen told a British radio show that she is quitting performing for two years to open a boutique called Lucy In Disguise. She's also going to found a record label. [Elle UK]
  • President Obama wore a parka to visit the Great Wall of China. "The jacket has a fleece bib and removable bucket hood, suggesting that President likes his jackets as he likes his health care bills: riddled with options," notes Women's Wear Daily. [WWD]
  • Michaele Salahi wore David Yurman jewelry to that little party she crashed about a week back, if you care. [WWD]
  • Japanese outfit Cross Company has bought a majority stake in Thom Browne. Which makes a certain kind of sense, since Browne's aesthetic certainly is well-suited to Japan. Haha, 'suited,' see what we did there? Sorry. Anyway, how much money Browne got to part with his controlling stake was not disclosed, and they plan to open a flagship in Japan next year. [WWD]
  • Cathy Horyn, on the closure of Christian Lacroix's couture and ready-to-wear lines: "I remember taking my mother, Nancy Horyn, to the Paris ready-to-wear shows in March of 1990. She saw three — Valentino, Romeo Gigli and Lacroix. She was utterly enchanted by Gigli; it was the season of the celebrated Murano glass collection. She didn't really care for Valentino; it was, you know, not her thing. She adored Lacroix. The show that season was held in the house, on those beautiful banquettes, so it was a different experience, more like a couture presentation. Before the show we stood in the little courtyard of the house, on the steps going up to the salon, and my mother asked about so-and-so, curious about their style of dress or exceedingly impulsive hairdo. It probably all seemed very urgent, though I imagine not in the least to her." [On The Runway]
  • Marc Jacobs and Lorenzo Martone closed on a nice little love nest in the Village for $10.4 million. It has a private elevator, yard, roof terrace, and a rear terrace. [P6]
  • Anthropologie is moving into the Chelsea Market, at the corner of 15th Street and Ninth Avenue in New York City. [NYPost, second item]
  • British designer Christopher Kane isn't having any of this Tommy-Ton-in-the-front-row nonsense: "It's a bit mad, isn't it? It feels like it's happened all of a sudden and at some shows this season the front row was just all bloggers. I think it will die down though, and people know what they are doing. No one who wants to read a serious review of a show is going to look at what a 14-year-old thinks. But it has become more critical; people can say what they want about anyone on a blog without consequences and that's quite scary. There are real repercussions for a designer if a photo of something is leaked by a blog; it can be copied in a fortnight and that can really harm a business." [Vogue UK]
  • Dior Homme is launching a line of women's jeans. Women with the means to do so have been wearing Dior Homme's slim cut suits ever since Hedi Slimane was designing pants so sexy the darts alone could make you weak at the knees. Could the specifically-for-women versions be any better than those? [Vogue UK]
  • You can buy Joan Collins' Dynasty costumes — along with Shirley Bassey's YSL heels — at a charity pop-up store in London, opening tomorrow. [Elle UK]
  • Tom Ford smells like vanilla and has not only a Best Side but a Best Angle. He says things like, "I think of myself as a product." [NYTimes]
  • Cathy Horyn likes his movie, A Single Man. [On The Runway]
  • The Wall Street Journal investigates the peculiar and specific humiliation of having your once-treasured and still-fashionable clothing picked through by a snarky 19-year-old clerk at Buffalo Exchange, and found wanting. Word to the wise, as someone who used to make food and rent money by re-selling the designer "trade" I was usually "paid" in — and by scouring the $1 rag markets in LA for Lacoste sweaters and old prom dresses I could launder, repair and re-sell: Buffalo Exchange's prices are shit. They do not care if your shoes are thrice-worn Prada; they will offer you $9 for them. If you do not have the patience for eBay, go to Wasteland, if you're on the West Coast. If you're anywhere else, sew in some labels from your dad's old designer ties. Duh. [WSJ]
  • Liliane Bettencourt's daughter has filed a civil case to declare L'Oreal heiress Bettencourt, the richest woman in Europe, incapable of managing her own affairs. Bettencourt gave a reported $1.5 billion worth of cash and artworks to a photographer friend, François-Marie Banier, who is already the subject of a criminal case for "abus de faiblesse," or taking advantage of the infirm. Liliane Bettencourt's lawyers reject both of the daughter's cases as an attempt to seize control of Bettencourt's assets. [Reuters]
  • Someone you have never heard of before and will never hear of again was in the Victoria's Secret fashion show because she won a competition on the Internet. [AP]
  • Aeropostale's third-quarter profit grew by 47% over last year's results. Same-store sales for November were up 7%, and black Friday weekend sales rose 10% on last year. Quarterly earnings were $62.6 million. [WSJ]
  • Competitor Abercrombie & Fitch reported a 17% slide in same-store sales for the month of November. Analysts had expected only a 9% drop. The company's Hollister stores saw same-store sales declines of 23%. [TS]