Stylist Emmanuelle Alt, Carine Roitfeld's longtime right-hand-lady, is said to be leading the field of candidates to take over as editor-in-chief, while editor/novelist Virginie Mouzat may still be under consideration. (We previously looked at both candidates in more depth.) [WWD]
"Sources" are saying that Kimora Lee Simmons didn't leave Baby Phat, the fashion line she founded — she was fired. Allegedly, she was kicked out for being too spendthrift. For example: "It costs thousands of dollars to airbrush her."