No Blake For Beckham; Supermodel Puts Photos On Display

• Victoria Beckham's team always denies the best rumors. Blake Lively, apparently, will not be the face of her next campaign for the dress line. [UK Vogue]
• Helena Christensen's photographs of climate change in Peru are being exhibited in London. [BBC]

Michelle's Jewelry, Zac's Lower-Priced Line, & Claudia's Cashmere

• Michelle Trachtenberg is designing a line of jewelry for Coach's Poppy brand. Expect "colorful crystals." [WWD]
• Zac Posen is doing a lower-priced line, Z Spoke, which will be available exclusively through Saks Fifth Avenue come spring. It starts at $78:

Sophie Théallet Wins 200K; Lindsay Not Doing Jewelry Line

• Designer Sophie Théallet has won the $200,000 Vogue/CFDA Fashion Fund Award. "Thank you for making my American dreams come true," said she. [Style.com]
• Skating at an outdoor rink in London, Lily Cole knocked over a small child. [Daily Mail]

Ungaro: Lindsay's Fashion Line "A Disaster"; Banana Republic Clerks Too Bouncy

• Lindsay Lohan's first collection for Ungaro has been derided by yet another industry heavyweight: Emanuel Ungaro himself. The designer, who sold the business that bears his name in 2005, says Lohan's work was "a disaster" that left him "furious." [Independent]

Versace In Trouble; Kate Moss Fires Hairstylist

• 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]

Lindsay's Racy Leggings Ads; Steve Madden Teams With Mary-Kate & Ashley

• Here are leaked pictures of Lindsay Lohan's spring campaign for 6126. The images were shot by reality-TV-star photographers Markus Klinko and Indrani. [Gone Hollywood]

Stella's GapKids Line Debuts; Nicole's Navajo-Inspired Footwear

• Stella McCartney's collection for GapKids is pretty damn adorable. [KanyeUniverseCity]

Olsens Go Mass-Market; Mary J. Blige Opens Charity Center With Gucci

• 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]

Victoria's Secret's Diamond Bra, Now With More Diamonds; Eva & Tony Do London Fog

• Marisa Miller has earned the most coveted position of all the Victoria's Secret runway girls: Wearer Of The Diamond-Studded Bra. Her equipment costs $3 million. "It's surprisingly comfortable," says Miller. Sure looks it. [People]

Megan Coming To A Billboard Near You; Betsey Wants To Be On TV

• Victoria Beckham is out at Armani, and Megan Fox is in. The actress has just been photographed by Mert Alas and Marcus Piggott for next January's Emporio Armani underwear and Armani Jeans campaigns. [WWD]

Lohan's A "Living Doll" Says Ungaro CEO; Siriano Gets His Own Reality Show

• Ungaro's CEO says Lindsay Lohan was appointed creative director because, "Celebrities today attract lots of attention and having a moving, dancing, swinging, living doll is, we hope, going to bring down the age group at Ungaro while keeping the DNA."

Lara Stone To Get Skinny; Megan Fox Sells Action Costume

• Model Lara Stone, size 4: "I don't want to be the fat one anymore, so, I have just started doing Pilates every morning, then going to the gym, running, and swimming." [ElleUK]

At Burberry, It Was All About The Boldfaces.

How Long Until Fat-Hating Fashion Stylist Invokes "But I Love Beth Ditto" Defense?

• The stylist who allegedly walked out on Mark Fast's show says it wasn't because the models were too "fat" - but because they were too fat to walk right! "The walk is very important,'' she explains. [Mirror]

Emma Watson Has A Clothing Line; Courtney Says "Rodarte Bitches" Are Awesome

• Emma Watson is doing a clothing line with ethical fashion company People Tree. We're still waiting for Mischa Barton's collection, Tree People. [Guardian]

Michael's Moonwalk Glove Under The Hammer; Jil's Uniqlo Line Costs $21

• A rare, left-handed Michael Jackson glove — the one the star wore when he unveiled his moonwalk at Motown's 25th anniversary in 1983 — is to be auctioned in November at the Hard Rock Café in Times Square. [CTV]

Doonan Jumps To Ed Hardy's Defense; Smell Like Kate Moss For Fall

• Barneys' Simon Doonan: "Criticizing Ed Hardy for being cheesy is like saying that Elvis was 'flashy' or that Liberace was 'tacky.' It's a giant case of DUH! Of course it's cheesy! That's the whole point, you doo-doo heads." [NY Observer]

Fran Does Skin Care; Unretouched Shots Of Gisele Emerge

• Fran Drescher is launching a skincare line — called FranBrand — this fall on HSN. The products are organic and paraben-free, because, as Drescher puts it, "Women are schmearing stuff on their décolleté, wondering why we're all getting breast cancer..."

Michelle Cool In Kors; Will Christian Lacroix Be Saved?

• Michelle Obama wore Michael Kors to celebrate the National Design Awards winners on Friday. "What I love about design is the artistic and scientific complexity that becomes useful," said the first lady, to a crowd that included Francisco Costa. [WWD]