It's hard to know what to make of Tamara Mellon. On the surface, she's a cunning businesswoman with the savvy to serve simultaneously as a brand figurehead. Or, possibly, a cunning brand figurehead with the ability to appear business-savvy.

• Brad Pitt and Angelina Jolie have designed a fine jewelry collection for Asprey, which goes on sale this week. The line, themed around snakes and called "The Protector," starts at $525; all proceeds go to support Jolie's children's charity. [WWD]

• Dana Thomas — author of Deluxe — wrote an excellent feature on the quagmire of the house of Versace. Thomas takes aim at Donatella and Santo Versace's resistance to change and ham-handed business decisions. It's a thrilling read. [Newsweek]

• Of course a Nicole Richie clothing line was inevitable. It's called Winter Kate, and it will be hitting stores next February. [WWD]
• The full Jimmy Choo for H&M lookbook is out. [Daily Mail]

• Jean-Paul Gaultier is doing a collaboration with Target that will hit stores next spring; stay tuned for pricing information and images as they inevitably leak. Please let there be lingerie-as-outerwear! [WWD]
• Agyness Deyn might star in a short film. [P6]

• Move over, David Beckham: Cristiano Ronaldo is posing in the spring Armani underwear campaign. [AP]
• Beckham, who says he decided not to renew his Armani contract, is said to be looking to launch an underwear line of his own. [WWD]

• PETA will protest Anna Wintour, Michael Bloomberg, and the cast of Hair as they kick off Fashion's Night Out in Queens. [PETA]
• Betsey Johnson will spend tonight driving between her stores in a pink convertible, holding up big signs. [WWD]

• For the September issue of Harper's Bazaar, the magazine interviewed Karl Lagerfeld, speaking as Coco Chanel. In character, the Grand Teuton shared such idiotic reflections as: "I was never a feminist because I was never ugly enough for that." [FWD]

• One of the hazards of dating a rock star: When, mid-fight, you want to throw some of his stuff into a pool, there's a slight risk that he might have unreleased, non-backed-up new songs among his personal effects. [Mirror]

• Helena Christensen is one of the many hailing British Vogue's Alexandra Shulman. "Obviously I am of the same belief," said the supermodel photographer. "Aren't we in a business that is supposed to explore all kinds of shapes and silhouettes?" [WWD]