• As predicted, Beyoncé will have a fragrance by springtime. For the rights to her name, Sasha Fierce is set to earn up to $20 million over the next three years. [WWD]

• Marc Jacobs didn't invite Madonna or Lady Gaga to his runway show — they asked to come, and he acquiesced. Would have been pretty awkward to turn your campaign model (Madonna) and after-party performer (Gaga) down. [WWD]
• In addition to doing a line that will sell exclusively on eBay, Narciso Rodriguez — who lost his financial backing last year — is doing more dresses that will retail at less than $1,000, rather than $1,800 and up, his typical price point. [WSJ]
• Carolina Herrera did a "Got Milk?" ad with her daughter. [JustJared]
• There is no better demonstration of the phenomenon of a collection becoming overexposed and untrendy before it even hits the stores than Pink and Shakira both attending the Video Music Awards in the same Balmain leather-and-chains minidress. It wasn't the label's flacks' fault, however: while Shakira borrowed the dress, Pink ordered it herself online. [WWD]
• Bee Schaffer took the place of her mother, Anna Wintour, at the Thakoon show on Monday afternoon. Is she as set on a career in the theater as she seems? It's hard to read about a thing like that without hearing Wintour's voice in The September Issue: "We'll see about that!" [NYObs]
• Freida Pinto popped up at fashion week to go to a party at the Harry Winston store. [WWD]
• "I am calm! I am a calm person!" is clearly not the kind of thing one should to have to shout, but if Russell Simmons couldn't get a seat at Charlotte Ronson, that definitely explains why I, a ticket-holder, couldn't even get into the show. [Radar]
• Rachel Zoe's QVC collection sold out within minutes. But fear not, for she of the sharp clavicle will be back on the idiot box on October 10. [People]
• Likewise, if you weren't refreshing your browser to buy Anna Sui for Target Sunday when the collection went live, you may now be out of luck. [Crain's]
• Ramona Singer, professional Housewife, is launching a jewelry line with the Home Shopping Network. [People]
• Urban Outfitters' president and founder Dick Hayne sold $50 million worth of his company shares. [TS]
• A Chinese company that embroidered the text, "In the name of God, the compassionate, the merciful" on jeans has seen its wares seized in Iran. The importers were arrested. [Guardian]
• The U.N. has recognized Indonesian batik fabric as an element of the world's cultural heritage, and added it to its Intangible Cultural Heritage list. [NYTimes]

• How cool are these Charlie Brown New Balance sneakers? Cool enough that we wish they weren't just for kids. [WWD]
• A London artist has created Kate Moss and Agyness Deyn paper dolls which look frighteningly like the real thing. [Pipeline.Refinery29]

• Your daily dose of the horrible: American Apparel shiny leggings for children. [Fashionista]
• Police in France have arrested 25 suspects in relation to last December's $118 million jewel heist at Harry Winston. Members of the alleged ring had been under police surveillance for months, and when arrangements had been made between the gang and some prospective buyers, the authorities swooped in. In addition to the 25 arrests, police found weapons and $345,000 in cash. [AP]
• Nicole Richie swears that her next collection for her House of Harlow 1960 jewelry line will be completely different than the first. In fact, it'll be "focusing more on old English, equestrian and more sophisticated looks" than the flea-market-inspired first trip out the gate. Richie's shoe and accessory lines, meanwhile, will be ready for Spring 2010. [People]
• Dolce & Gabbana, newly internet-savvy, uploaded Fall 2009 Dolce & Gabbana and D&G campaigns to its just-launched website. Steven Klein shot Mariacarla Boscono, Edita Vilkeviciute, and Heidi Mount at a casino for Dolce & Gabbana, and Mario Testino shot Katie Fogarty, Sara Blomqvist, Stephanie Rad, Hanna Rundlof, and Ragnhild Jevne for D&G. Heidi Mount also wears a giant pink Margiela-inspired fur and poses like an ape in one. [Fashionologie]
• The New Yorker sure knows how to give a bad restaurant review. Taking in the "sterile" and "unexuberant" fare at Armani's restaurant-within-a-store on Fifth Avenue, Lauren Collins writes: "At the bar, a manager and a bartender argued, loudly. The dispute seemed to be about a pen. Their passion did not extend to a pair of women who were waiting for a table, or, once the women were seated, to their full glasses of wine, paid for and awaiting transferral." [NYr]
• A historic Christian Science church on Park Avenue took a look at its dwindling congregation and finances, and its stellar real estate, and do the obvious thing: allow a catering company to use its building to host events, in return for necessary repairs, money, and continued access for regularly scheduled services. Even though the kind of events we're talking about here — shindigs with Sir Paul McCartney, Oscar de la Renta runway shows — are hardly Bushwick artist loft keggers, the Park Avenue set has gone all guerrilla in its opposition to the church's activities. One neighbour even parked her car in the middle of the avenue to block the access of de la Renta's show's guests. Is it too much to hope she was towed? [NYTimes]
• A maker of hypoallergenic beauty products has decided to associate its line with the 11th birthday of Malia Obama. Tacky. [US News]
• Natural cosmetics purveyor Dr. Hauschka is apparently swamped by demand — but, because of quality control concerns and its business philosophy based on the ideas of Rudolf Steiner (no, really), it's unwilling to expand too quickly. [Reuters]
• The website for MDLR, Moises de la Renta's fashion line, is now live. [MDLR]
• French documentarian Loïc Prigent, who made the excellent Marc Jacobs & Louis Vuitton and Signé Chanel, about the putting together of a Chanel couture collection, has a new series showing on Sundance starting September 10. Prigent's camera follows Sonia Rykiel, Proenza Schouler, Karl Lagerfeld, and Jean-Paul Gaultier in the last 36 hours before their respective runway shows. (It's a good thing Prigent is sensitive to the dramatic tension of a smoke break, because there'll be a lot of them.) Rykiel's show is her 40th anniversary extravaganza in Paris last October, Prigent finds Proenza Schouler and Fendi, designed by Lagerfeld, at the Fall/Winter 2009 collections of this Spring, and he'll catch up with Gaultier at couture week in Paris next month. I'm marking my freaking calendar. [Glamour]
• Looks like there's been a breakdown at Alessandro Dell'Acqua. The designer, whose namesake label has been owned since 2003 by Cherry Grove, an Italian corporation that produces high-end clothing, released an open letter informing the fashion world that he, Alessandro Dell'Acqua, would like to publicly distance himself from the Alessandra Dell'Acqua men's Spring/Summer or women's Pre-Spring collections, the former of which is about to walk in Milan, because he hasn't been given the opportunity to do anything beyond submit sketches to Cherry Grove. Alessandro Dell'Acqua lost his job with the Italian house Malo after holding it for less than a year following Itierre's bankruptcy; this angry letter reads like a gold-plated invitation to be fired from his own label, too. [FWD]
• Once every media outlet had dutifully covered the "outrage" over the Steven Meisel-shot Calvin Klein "foursome" billboard in SoHo, the brand replaced it with a tamer shot of a girl in a red bikini. Racked has a picture. [GoG]
• Well, lookie here: a male model who admits to having to maintain a diet to be catwalk skinny. [NYTimes]
• Everyone knows Abercrombie & Fitch has been struggling in the recession, and losing market share to lower-priced competitors like Aéropostale and The Buckle. Besides quietly breaking its rule against discounting its own stock and closing its Ruehl chain, the company hadn't exactly said what it was planning to do to reverse the tide that saw its May same-store sales slide a whopping 28% — until now. The proffered solution? Two hundred and ten store leases, which comprise some 20% of the chain's total, are up for renewal over the next two years. Abercrombie thinks it might save money by not renewing all of them. Revolutionary. [TS]
• A three-story Adidas factory in India was engulfed by flames on Tuesday night. There were no casualties. [HindustanTimes]
• Talbots may have had to cut 370 jobs, eliminate its 401(k) matching contributions, and suspend its quarterly stock dividend, but that won't stop it paying CEO Trudy Sullivan $1.2 million this year. Richard O'Connell, the struggling company's real estate and legal executive, will also get a 23% raise, to $500,000. [TS]
• Gen Art, an organization which supports emerging fashion talent in the U.S. and has helped launch the careers of such names as Vena Cava and Zac Posen, is in a bad spot financially. Already reeling from layoffs, the founders hope to raise $250,000 in ticket sales and donations for their 15th anniversary party tomorrow night. Gen Art needs another $500,000 after that to continue its operations. [WWD]

The recession has already spawned its own language of buzzwords, as if the right combination of meaningful letters whispered in the consumer's ear will suddenly unlock her wallet: there's "investment" fashion, "green" fashion, the "new vintage." (That one sold out, so perhaps Stefano Pilati's on to something.) "Ethical" fashion. We're told there will be "slow" fashion, to match our slow food. There's the fantasy that we'll all start making our own clothes, and the competing theories that we'll have more of our clothes made in America — or that we'll continue having more made overseas.

What this confusion of language speaks to is the underlying truth that this recession will permanently change the apparel industry — and the profound uncertainties that still cloud what those changes will be. How we dress, how we shop, how we are marketed to, where our clothes come from and who makes them are all up for reconsideration. The propagation of inanities like the concept of "investment" dressing is just evidence that even most industry experts are only grasping at straws, like the rest of us.

Cathy Horyn was asked to speak on fashion and the economy last week at an event for Citi's Women & Co., a $125-a-year members-only women's professional organization run by the bank. Horyn's speech, a "trimmed" version of which she later posted to her blog, and then chased with more thoughts yesterday, amounted to a kind of fashion state of the union.

Horyn gets down to business by assessing the state of fashion before this recession began — and noting how it's different than past periods of economic instability. The downturn of the early 2000s, she argues, barely registered in fashion (in 2001, consumer spending actually increased). The late 90s and the early 2000s, taken together, were a period of remarkable consolidation and expansion in the rag trade. As Horyn explains,

This was the era when luxury groups were being formed — when Saint Laurent sold out to Gucci, when Bernard Arnault hired John Galliano and Marc Jacobs to shake up Dior and Vuitton respectively, when Prada made a bid for global power by buying Jil Sander and Helmut Lang, and when PPR eventually took control of Gucci...This shift from a largely craft-based, family-owned culture to a brand management culture mirrored what was happening in the financial markets, in the explosion in the art markets, and the excitement surrounding new architecture, particularly in countries like China and Dubai. Dress codes and divisions of all kinds have been breaking down for years — we scarcely notice when someone mixes high-low elements. But the late 90s and early 2000s saw fashion's ivory tower crumble a little more as designers became ardent marketers — selling the image rather than, in some cases, the clothes. In 2001, Marc Jacobs brought out the Vuitton bag splashed with Stephen Sprouse graffiti. It was followed by the Murakami bag, along with those indelible, digitally enhanced advertising images by the photographers Mert and Marcus. These designs were plainly creative, but the point is these bags were not precious objects. They expressed perfectly the blending of art and commerce, and insolence over elegance — a mood also conveyed in the ironic images of the photographer Juergen Teller, who for more than a decade has created Jacobs' ad campaigns for his own label, including the one of Victoria Beckham as a commoditized celebrity in a shopping bag.

So the recession of 2001 did not throw anyone off the rails.

In many ways, Louis Vuitton is the perfect embodiment of this grading-down of luxury. Until the 80s, Louis Vuitton was just another nice French handbag brand, perhaps known for quality and definitely known for high prices, sure, but not a "fashion" brand with much season-to-season variance, and certainly not a true "luxury" one either. Its coated-canvas monogram wares were widely available and sold in department stores like any other high-end bag; for nearly 20 years, handbags were even made under license for the U.S. market. Then that all changed: Louis Vuitton restricted the sale of its bags to its standalone boutiques, and started aggressively associating its bags with luxury and status through advertising. Naturally, the company raised its prices, which only raised its cachet. But the Speedy 30 that was sold off the shelf at Saks in 1980 is still fundamentally the same bag that runs $700 at Louis Vuitton's own store today. It was a triumph effected with marketing and precious little besides; the bags did not noticeably change or actually become more "luxurious" in their trip up from "good brand" to "luxury brand." But we bought them anyway. Now the deal isn't looking so good.

The stock market crash of 1973 and the long period of stagflation that ensued, as Horyn remarks, is a formal pendant for the current economic situation: a Wall St. crisis that spurred a recession in the "real" economy. But within the apparel industry, too much has changed to allow for any direct analogy between then and now:

In the mid 70[s], fashion was also a relatively small, familial world, with manufacturers forming relationships with stores through expert buyers, and styles evolving slowly. In 1975, a widely popular style was the quilted Chinese jacket, no doubt influenced by the opening of diplomatic relations with China. I am reminded of a conversation I had years ago with the comic Sandra Bernhard, who told me that when she began to do stand-up, she would include as part of her act a reading from Women's Wear Daily's pages. That's how strange and remote the fashion world seemed — those socialite names sounded exotic. By contrast, in the past decade, fashion has become a marketing tool for all kinds of non-fashion products, from stylish cell phones to boutique hotels. And, for better or worse, it has transformed urban neighborhoods, like the Meatpacking District in New York or South Congress Avenue in Austin, Texas.

So what is next? And what are the issues on the table, according to Horyn?

[T]his recession is different. Just about every luxury group and upscale retail chain has reported declines, and no category, with the exception perhaps of watches, is performing very well. Private investment in fashion companies is virtually non-existent, and there is very little acquisition activity. Of course, part of the problem is over-capacity — there's just too much stuff around.

That's not strictly true; certain luxury categories are performing well. Hermès leather goods division — the sector of the company that sells $50,000 crocodile handbags with a three-year waiting list — experienced a 21.7% jump in sales during the first quarter of this year. (It's the expensive but comparatively lower-priced goods, like watches and perfumes, that aren't doing so well for the French brand.) But other luxury companies are deeply troubled. Harry Winston and Tiffany's both just released quarterly results that were marked by steep losses.

Horyn sees the industry facing challenges along two primary axes. For one, there will continue to be steep growth in consumer spending in emerging markets, like Asia and South America — especially at the high end of the retail continuum. While the recession might be stalling luxury spending in Japan, it won't stop growth in China and India. It can't. At the couture shows in Paris this January, the happiest man around was the consultant who helps introduce wealthy Indian women to the designers and advises them on which pieces to buy. (And by "piece," we are talking here of $75,000 dresses.) These consumers will be predominantly under 35, and they will want "real" luxury — not $4,000 Prada it-bags that only hold any allure for a season. There's a reason they're going to the Paris couture collections.

As for the rest of us? Horyn thinks the designers that will be successful over the coming years and after the recession will be those who cast off "history-minded" dressing and think instead of, wait for it, the future.

It involves thinking of the consequences of technology, and relating these changes more imaginatively to how we dress, how we shop — the design of stores, the potential of online magazines and stores. A "sartorial consciousness," to use Quentin Bell's term, is not limited to moral indignation; it also applies to the raw materials, the energy sources, and labor practices used in making a garment. "Green fashion" will become more and more important, and young consumers in particular will expect to see innovation and experimentation in this area — the kind they see in proposals for wind-powered skyscrapers and carbon-free transportation systems. Indeed, I am somewhat surprised that a big luxury group has not had the foresight to create a separate eco-brand of high-quality garments, with a casual yet sophisticated aesthetic. We've seen a number of niche labels, but not one that draws on the brand power and advertising reach of a luxury group.

Perhaps that's exactly what LVMH is thinking in acquiring Edun, and bringing its tremendous marketing resources and distribution network to bear on the organic cotton, sustainably-made fashion line.

Horyn's closing remarks I'll give in full:

a great many people in the fashion world would share the photographer Horst's view that "fashion is a universe full of art and excess where no one thought of the outside world," even though that statement was made about the late 1930s. This may be why many designers do not know how to fully relate the Internet to fashion — imaginatively. I mean only that it took radio roughly 40 years to reach 50 million people, while it took the Internet just 4 years to reach the same number of people.
This is the dynamic that fashion must embrace in the coming years in order to be truly creative and relevant. It's great to talk about "slow fashion" and the value of handcraft in informing our imagination. These qualities will still be important, as Paris is, but imagine the other system of thought that revolts and finally breaks free of the old world.

If that's the future of fashion, I want to be there to see it. Provided it costs less than $700 for a canvas bag.

The Bigger Picture [On The Runway]
Bic Pic: Further Thoughts [On The Runway]

Related:
Green Fashion: Is It More Than Marketing Hype? [Fast Company]
Pilati Unveils YSL "New Vintage" At Barneys [WWD]
Rethinking Outsourcing In The Recession [Forbes]
Apparel Import Slump: U.S. Importing Much Less Clothing Because Of The Recession [South Florida Sun-Sentinel]
Dress For Less And Less [NY Times]
In The Bag: how Hermès Beats The Recession [ABC News]
LVMH Near A Big Stake In Bono Firm [WSJ]

Earlier:
"Investing" In Your Closet Not Recommended By Actual Investment Experts
New York Times Bets Against Anna Wintour, American Vogue

• Thierry Mugler meets Sasha Fierce: a match made in shoulderpad superhero sparkle heaven. Mugler says he was exploring "The duality between being a woman and a warrior." [WWD]

• Working in the same vein, or perhaps just remembering last year's Met Ball, Marvel comics is planning a major move into women's apparel, jewelry, and cosmetics in 2009. Since what Marvel owns are characters — more than 5,000 in total — the design options are almost limitless. This deal could be great news for women who already feel like part-time superheroes; unfortunately, the t-shirt illustrating this story has an image of the Incredible Hulk, Captain America, the Flash, and Thor playing in a band, with the slogan "I Heart Boys That Rock!" Weaksauce, Marvel. [WWD]
• Lauren Bush's clothing line, which is sold under her middle name, Lauren Pierce, hits Barneys today. The line is mostly day and cocktail dresses and pretty skirts — with a few reversible capes thrown in for good measure — but with a twist: the classic, vaguely preppy silhouettes are constructed out of eco-friendly fabrics hand-dyed by women with a sustainable business plan in the Democratic Republic of Congo. Ten per cent of profits from the line go to charities in the source country. [VF]
• Ladies of a certain age, rejoice: Teri Agins says it's A-okay for you all to be wearing animal print. In fact, the suggestions she has are exactly the same for women of all ages — go for small-scale prints, buy garments with classic lines, and wear only one or two printed items at a time. [WSJ]
• It's campaign season, and the rumors are a-swirlin'. YSL is said to be choosing Christy Turlington for its fall ads, Balenciaga has opted for a group of celebrities, shot by Stephen Meisel, and word is Calvin Klein is using Monika "Jac" Jagaciak, one of the brand's exclusives from the fall show. All scuttlebutt, of course, so make allowances for salt, etc. [Fashionologie]
• Hong Kong-based sourcing behemoth Li & Fung (who recently paid Liz Claiborne $83 million for a long term exclusive sourcing agreement) says its net income has fallen 21%. [WWD]
• Widely influential men's wear designer Thom Browne's namesake line is said to be facing bankruptcy. Browne has been looking for a financial backer for over a year, despite his lucrative sideline deals with Brooks Brothers Black Fleece — which runs through 2011 — and Harry Winston and Moncler. [NY Post]
• Swarovski is cutting an additional 600 production jobs at its Austrian headquarters. The move follows 700 layoffs last year, and another round of 500 job cuts is being pondered. [WWD]
• J. Crew, following a fourth quarter loss of $13.5 million, is trying to adjust to recession-altered patterns of consumer spending. Accordingly, it will continue the expansion of its lower-priced Madewell line. There are presently 12 Madewell stores, and the company plans to open eight more in 2009. [Mediapost via Teenfashionista]
• Which is funny, because Fergie has the same idea. She's coming out with not one but two lines of footwear. "Fergie" will sell for $89-129, and "Fergalicious" will be $39-69. Which still frankly seems like a lot to pay to look like a pop star's feet. [NY Post]
• Gwyneth Paltrow will be "designing" a range for the French label ZOETees this fall. I wonder if they'll let her do $400 cashmere socks? [Sassybella]
• One good deal in any economy: free shit! Topshop, which is promising cross its fingers hope to die that the store at Broadway and Broome St. will finally open this April 2nd, has a van circling downtown New York as a promotional stunt. Which would be crass and silly and unworthy of coverage if it weren't for the fact that Topshop's clothes are generally amazing. The van is giving away goodie bags and gift cards of varying amounts, and you can follow it online. [Topshop]

• Naomi Campbell's started her latest round of amends, this time a stint in a soup kitchen for assaulting a cop. Apparently she was ten minutes late. [The Mirror]
• No one will either confirm or deny that Ellen is a new Cover Girl. [AdAge]
• Nastia Liukin thrown in with the sharks. "Ms. Liukin was excited—giddy, almost—but perhaps also a tad intimidated. Dressed in a marbled, off-white bubble dress, Ms. Liukin had attended her first Fashion Week show, Peter Som’s spring 2009 collection, just that morning." [Observer]

• The "Ocampo" is the hot item in Sudanese fashion right now, There's been such a run on the tob, a traditional sari-like garment, that it's become impossible to find. "The real lure is the brand name—after Luis Moreno-Ocampo, the International Criminal Court prosecutor who has charged Sudan's president Omar al-Bashir with war crimes." [Deep Glamour]
• Alice Dellal is in the midst of a coke scandal. But more to the point, she's rocking punk chic! [Elle]
• As previously noted, Ed Norton's gonna be the face — wrist? — of Breil for the next two years. Here are the ads! [Oh No They Didn't]
• The charmed life: Carlos de Souza's It boy career. [Observer]
• Leah Buechley breaks the glass ceilng of the high-tech materials world. "In the several years since she first sewed a circuit board to a T-shirt, the 31-year-old University of Colorado computer-science researcher has done a lot to bring gender equality to the world of do-it-yourself." [Forbes]
• Wondering what the hell inspired the trippy Rodarte show? "Skeletons, Donnie Darko, and Space Opera." [Elle]
• This woman knows how to make an exit: Romeo Gigli's designer quits just in time for the Milan shows. [Reuters]
• The much-anticipated Louis Vuitton-Comme des Garcons bag, sported by sullen Japanese teens. [The Life Files]
• Victoria Beckham: close, but no cigar? "Beckham's dresses appear both curiously wearable and really rather fetching. Primly foxy, kitted out with all manner of tailoring trompe-l'oeil, they will be available in sizes 6-14. Victoria apparently had in mind Nigella Lawson and Dame Helen Mirren by way of muses. The adjectives being bandied between air kisses were "beautiful", "classy" and "desirable". Be that as it may, the consensus regarding Brand Beckham remains a hearty "Thanks, but no thanks"." [Telegraph]
• Looks like chasing Harry Winston's worthwhile; the company's way, way up. [WSJ]
• Faux-fur Converse chucks. 'Nuff said. [The Life Files]
• Obviously a terrible idea: "With no catwalk in sight, nine sharply dressed models climbed up a ladder and plunged into a large tank of water in Australia's first public underwater fashion shoot, delighting tourists and passers-by in Sydney's picturesque Circular Quay." [Reuters]
• Dita Von Teese for Wonderbra: "I took all the best bits of the most beautiful vintage lingerie I have collected over the years to make this...But I made sure it was all really comfortable too, which vintage lingerie can't really claim to be." [Telegraph]

• Shocking but true: MTV is investing in subversive style iconoclast Lauren Conrad's clothing line. What, Emily Weiss didn't tell her about "private equity"? We think this is a first for media behemoth Viacom and the apparel industry and we can only hope Toastie and Scott Baio's BFF are next, and that whoever owns Fuse will back Heidi and Spencer's line of American flag wear, and that no one in the country ever buys any of this shit. [Portfolio]
  
• Quote of the day:"I actually think our customer prefers it if she has to work a little for it. She knows she's not going to smell like everyone else," Jennifer Balbier, senior vice president of global product development, MAC Cosmetics, regarding limited edition fragrances. [WWD, sub req'd]
  
• Yogi/mogul (yogul?) Russell Simmons steps down as CEO of Phat Fashions so crazy Kimora can "get space" in which to self-destruct. [WWD, sub req'd]
  
• Derek Jeter's second fragrance comes out in December. It's called Driven Black. We think this sounds a little racist, but we're confused by that, because it would be a different story if it were called "Paint it Black" or "Smelling like a baseball player's cup is the new black" ... pondering. [WWD, sub req'd]

• Mazel tov to the Gap! The second fiscal quarter brought about their first financial gain since like, the Friendster era or something. [WWD, sub req'd]
  
• Not so much for Ann Taylor. [WSJ]

  
  

• Marc Jacobs and Richard Prince do the artist-fashion designer collabo thing for Louis Vuitton. [WWD, 1st item]
  
  • Kate Moss to open a gastropub in Gloucestershire, and the locals are less than exuberant. We think we know the cure! And um you won't find it at a "gastropub." [Vogue UK, 2nd item]
    
  • Custom-designed diamond-encrusted lederhosen. When else were you gonna get those five words together like that? [CBS News]
    
  • V magazine has scheduled its party for photographer Mario Testino's new book at the exact same time as the after-party for the Marc Jacobs Spring/Summer 2008 after party. OMG it's like the Jerusalem of time slots! [Fashion Week Daily]
    
  • Australian designers Sass & Bide are now doing a lingerie line. Unlike our role model starlets, we love underwear and hope you do too; photos here. [Sassybella]