Ashley Olsen arrives at LAX (Los Angeles International Airport). November 20, 2010. Image via Bauer Griffin.

• Beyoncé's first perfume, Heat, launches in February. She says, "Red is one of my favorite colors, as is gold." And the bottle is intended to look antique, because her mother had so many old perfumes when she was little. [WWD]

• Rachel McAdams — with a mop of, dare we say it, could that be Kate G.-inspired hair — graces the January cover of Vogue. McAdams went to a couple fashion shows with Anna Wintour in September. [JustJared]

• Zoe Kravitz, negotiating the transition from Famous Daughter to Celebrity, has committed the necessary act of being photographed by Bruce Weber for a perfume campaign. Vera Wang was the lucky partner in fame-chasing. Shall we expect a reality show? [People]

• Miuccia Prada: "I'm working on [a men's collection] right now and someone at the office worriedly asked me, ‘You're not going to make short skirts again, are you?' So I'm now pushing it even further, just for revenge!" [BlackBook]

• The Olsen twins are launching a new juniors' collection for JC Penney, home of the brands Kimora Lee Simmons, Bisou Bisou, and Charlotte Ronson. It'll be called Olsenboye and is expected in stores this spring. [The Cut]

• The Kardashian sisters are going to put on their thinking kaps and hopefully kome up with a kollection for Bebe. [Kim Kardashian]
• Which makes about as much sense as Jermaine Jackson's rumored clothing line. [Times Of India]

• Giorgio Armani might be made Senator for Life (a real position) by the Italian president. The designer would then vote on the national budget, and "beautify" parliamentary proceedings. Armani's reaction to the nomination, and his political leanings, were unknown. [WSJ]

• Oy. Vey. When Mark Fast chose to use three plus-size models in his Friday show, one staffer allegedly quit in protest and the stylist was so abusive to the models that she was fired; a Telegraph stylist stepped in. [Fashionista]

• Naomi Campbell: "Unfortunately, we are the same as before...People, in the panic of the recession, don't dare to put a girl of colour in their campaign, full stop. Nor of any other race. It's a shame. It's very sad." [Telegraph]

• Cindy Crawford hasn't been back in the public eye for naught as of late — turns out she's launching a homewares line with J.C. Penney, which will be in stores nationwide this September.

• People love Posh's dresses. Net-a-porter.com sold out in one day, and Posh herself stopped by Neiman Marcus to instruct sales associates and top customers in the ways of the frock. Thirty pieces were sold. [WWD]

• Nicole Richie's cheap, chunky jewelry line is actually pretty get-behind-able. [FabSugar]
• PETA protesters continue the conversation by appearing at an Olsen Twins book signing with the placard: "Trollsens: UR Hags From Hell." [New York Magazine]
• Kate Moss is going to co-chair the Metropolitan Museum's Costume Institute Gala, to which we are already not invited. [Telegraph]
• Apparently the theme is "the model as muse." Feeling better about being left out! [WWD]
• Candie's anti-teen sex ad stirs controversy; we're just wondering when a brand that featured Jenny McCarthy on a toilet became a moral authority. [AdRants]

• National tragedy: Heidiwood, Heidi Montag's fashion line, has apparently been discontinued! [Oh No They Didn't]
• Diddy buys Enyce from Liz Claiborne. [WWD]
• Karl Lagerfeld's interview with the Olsen twins is possibly the most awesome thing ever. The Kaiser dishes on his hatred of male models, tall women, men's opinions, and marriage! "Today you can have a baby first. If you want. I never liked the idea of a family at all. If it's a woman — it's more fun for a woman." [New York Mag]
• $700 mink Ric Owens stuffed bunny. You can put your keys in it. And it has "a mean face." [Fashionista]

• Mini moguls Mary Kate and Ashley are dipping their tiny feet into the world of fashionable footwear. They're teaming up with Steve Madden to add a shoe line to their Elizabeth and James label. [ElleUK]
• Weirdly, model Twiggy's husband calls her Twiggy too. [Daily Express]
• Moddles fall all over the runway on Prada's slippery runway. Try not to enjoy it. [NY Times]
• Following in the steps of such sex symbols as Gorbachev and the Berlin Wall, Sean Connery goes before Annie Leibovitz's lens for Louis Vuitton. [WWD]
• Just saying, if I were running for office, known ass Andre Leon Tally is kind of the last person I'd want carrying a tote with my name all over it, even if it was a DVF original. [Concrete Loop]

• Rumor has it that the mini moguls' "lifestyle differences" are tearing their fashion collabs asunder. “Ashley really wants to be a respected businesswoman and be taken seriously...MK does too, but she hasn’t been willing to give up her lifestyle and act like an adult for their job.” Result? MK is being "distanced" from the business end. [LA Times]
• Gossip Girls Blake Lively, Leighton Meester and Michelle Trachtenberg have all "designed" Stuart Weitzman heels for charity. "Blake's candy-themed kicks (no doubt courting comparisons like "sweet" and "confectious") are going for the highest of the three at $300 - Leighton's in the middle and Michelle's on the right." [Fashionista]
• A petulant Oscar de la Renta is skipping the Metropolitan Opera's opening night for the first time in 20 years. He "was none too happy to learn that Renée Fleming’s onstage frocks for the affair were designed by Karl Lagerfeld, John Galliano and Christian Lacroix." Um, is his ticket going begging? Sounds better than fashion week! [WWD]
• Markets rebound a tad; retailers still panicky. [WWD]

• Between expanding his "empire," hosting Mad Men parties, judging Project Runway, and, presumably, tanning, Michael Kors is guesting on Gossip Girl. "I love the clothes, everyone is good-looking, the plot line is a riot," Kors says. "I love the show. They called and said, 'You are very Gossip Girl.' I thought, 'Finally, I am a teenager.'" Question: When does this guy have time to actually design? [WWD]
• Perennial fashion critic Mr. Blackwell hospitalized! [AP]
• Just try and get rid of Heatherette! Rumors to the contrary, the glitzy design duo ain't going anywhere. [The Cut]
• NYC Boutique Opening Ceremony staying open for a marathon 72 hours. Cause that's what Olympic athletes would want them to do. [New York Times]

• Do what you must to prepare yourselves: Crazy rich homeless-chic promoters Mary-Kate and Ashley are at it again! Not content to stay in clothing, they're moving on to baubles: "The diminutive Olsen twins have created a fashion jewelry collection through a licensing partnership with Robert Lee Morris under the brand Elizabeth and James, their contemporary apparel label that is sold in more than 250 doors globally." I am impressed by their industry, confused by the potential buyers. [WWD]
• This is big (possibly magical) news: Hermione Granger is the new face of Coco Mademoiselle! [Daily Mirror]
• Aging former model Bruce Hulse has, apparently, "penned" a "steamy tell-all" (why, yes, the source is Page Six!) about his sexual trysts with women like Paulina Porizkova, Andie MacDowell and Elle Macpherson. "I'd been Peter Pan, playing at love, skimming the surface, sleeping around for momentary pleasure," Hulse, now 55 and married with two kids, writes in Sex, Love and Fashion, out in August. "My desire to be with beautiful women had always been my weakness." [Page Six]

• The Olsen Twins (yes, we're back to calling them that) are designing a line of jewelry for their Elizabeth & James clothing line. They're teaming up with CFDA award-winning jewelry designer Robert Lee Morris, and the stuff is said to be available in the next few months. [WWD]
• Oh. My. God. Bill Cosby is auctioning off his famous “Cosby Sweaters” on ebay for The Ennis William Cosby Foundation, which was set up after the death of his son Ennis in 1997-remember that? The bidding starts at $5K, or, of course, you can just go to Sears. [E! online]
• Posh Spice will NOT be in the new Marc Jacobs ads, but check out this picture on Jossip anyway and LOL yourself to death. [Jossip]
• Is Karen Elson bored of being just another pretty face? The supermodel is set to record a solo album (her husband is Jack White of The White Stripes), as well as open up a vintage boutique in Nashville. [Fashionologie]

• OK, so the latest on the soap opera-esque tale of Nina Garcia is that she's been offered the part-time title of Editor-at-Large by the peeps at ELLE because they want her to stay on-board because she made ELLE famous because of Project Runway and let's face it, print is dying anyway and needs all the free press it can get. Also, Nina won't be able to remain a judge on Project Runway unless she's still affiliated with ELLE. Follow? Yeah, we really don't either but we're sorta hoping Nina will say thanks-but-not-thanks and pen a tell-all instead. [WWD, 1st item]

• Kate Moss emerged from a bar, giggling and a little tipsy, and announced: "I'm getting married!" Jamie "Hotel" Hince of The Kills is the lucky guy. [The Sun]

• Girl gets around! Lindsay Lohan has been photographed doing coke, throwing up, playing with knives and passed out in a car. Next up: Nudie pics! [PageSix]

• We still don't understand why, in love triangles involving two women and one man, the women usually hate one another but the man gets off scot-free. Anyway, it turns out that astronaut Lisa Nowak ended up driving hundreds of miles and pepper-spraying her love rival because she just wanted to talk to her. [CNN]

• Happy 21st birthday Mary Kate and Ashley! Yup, as of today, the Olsen twins are legally able to imbibe both Red Bull and vodka. Now go throw up an extra-special birthday dinner girls — you deserve it! [Olsen Twins 21st Birthday Countdown]