• A French bankruptcy court has backed a plan that will cut 90% of Christian Lacroix's staff, and reduce the 22-year-old house to a licensing operation. [ToL]
• None other than Simon Doonan is decorating the White House for Christmas. [NYTimes]

• Speaking of the Obamas: Naeem Khan made not one but five dresses for Michelle Obama to consider for the state dinner last week. "It took 10 people three weeks to make the embroidery," says the Indian-born designer. The dresses were made in America, but the beading came from India. [W]
• The point of this story seems to be: Rihanna has changed her style remarkably since she started entertaining us with song. [CNN]
• Tiger Woods may still be wanted for questioning by the Florida Highway Patrol, but Nike is emphatically standing by their $40-million star. [WWD]
• Kate Hudson loved the costumes in her movie Nine, set in 1960s Italy like its progenitor, 8 1/2, because the period fabulousness reminded her of watching her mother get dressed as a little girl. [UPI]
• Catherine McNeil's Australian Vogue comeback cover is out. [Models.com]
• Hey, everyone! This week is the week that all the major department stores expect to magically start reducing their prices as one! To a modest 30-40% off. (Just don't call it collusion!) Net-A-Porter went 30-50% off yesterday, so that $4,000 dress might now be $2,500, with tax, and Saks is starting its up to 40% off sale Thursday; hold on till after Christmas for steeper cuts. Stores laid in around 20% less stock than last year, in hopes of avoiding last fall's rash of below-cost markdowns. It appears they've been successful. [WWD]
• "Whoever your mom is, people won't give you hundreds of thousands of dollars," says Vladimir Restoin Roitfeld, who was given $50,000 to mount his first art exhibition last February, and whose latest show, of Nicolas Pol's work, drew Jean-Paul Gaultier, Andre Balazs, Daphne Guinness, and, oh yeah, his mother Carine Roitfeld, to its opening. Young Vlad's secret? "We work extremely hard." [Bloomberg]
• For I-D's 30th anniversary spring issue, Nick Knight will photograph 100 portraits of different fashion stars featured in its pages over the years — live, in front of an audience. His studio will be open to the public as an exhibition until December 20, and people will be able to watch shoots with, say, Kate Moss or Naomi Campbell, through a two-way mirror. Or live on the Internet, at Knight's showstudio.com. There's nothing that strikes us as less tedious than watching a month-long editorial fashion shoot, but someone might be into it. [WWD]
• The Telegraph gets to the bottom of the mysteriously straight and non-neurotic fashion designer Giles Deacon. How come he's so successful, anyway? "Don't know. My parents weren't into fashion. I didn't have an eccentric granny who mixed lace mantillas with tweed. I never believe people who say that, anyway. 'Oh, my granny had great style.' I just like doing it and I enjoy working hard. I go to work at 10am and I'm still there at 8.30pm. We get the wine out then, but anyone who is successful and tells you they don't work hard is lying." [Telegraph]
• Olivier Theyskens has a book on the way! Olivier Theyskens: The Other Side Of The Picture is due out from Assouline in February. He also might be involved in a new "retail concept," but neither he nor the company involved would comment. [WWD]
• It's official: Bravo will begin airing the Kelly Cutrone reality television series we've all been waiting for, Kell On Earth, next February. As long as Ms. Cutrone keeps dropping f-bombs on live morning television, an audience for this shit is practically guaranteed. [UPI]
• Peaches Geldof, Photoshopped within an inch of her life, is in a second campaign for the UK underwear brand Ultimo. The dividends of just happening upon that News Of The World photographer starkers continue to accrue. [Telegraph]
• North Korean jeans made by a trio of Swedes who describe making contact with the communist regime as "like Facebook poking a country"? Is this a joke? [FWD]
• Inez and Vinoodh shot the spring Lanvin men's wear ads this weekend in Paris, and rumor is they totally pulled a Juergen and put themselves in the shot. [WWD]

• 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]

• After decades of marketing skin-lightening creams, like Unilever's Fair & Lovely, to Indian women, cosmetics companies are beginning to target Indian men. Brands like Fair & Handsome, Fair & Lovely Menz Active, and Nivea for Men Whitening, are selling well. Says a male model who does commercial work, "Anyone who's fair gets on Indian television." The cultural preference for lighter skin can be traced back to the Hindu cast system. [NPR]
• Lindsay Lohan claims she's doing a jewelry line with Pascal Mouawad, and working on a clothing collection for Bebe. Mouawad says the line isn't finalized. [AccessHollywood]
• Four words: Paris Hilton Bridal Footwear. [Style Section LA]
• Speaking of shoes, don't go overpaying for Jimmy Choo's H&M collection on eBay. A spokeswoman for the chain says new stock will be available today. [Daily Mail]
• H&M's sales fell 3% in the month of October. The fast-fashion retailer has now had six straight months of declining sales. [WWD]
• Victoria Beckham, who already spent £250,000 on a lot of Audrey Hepburn's letters, is expected to bid for some of the actress's dresses in London early next month. [Independent]
• Beckham is rumored to have enlisted Blake Lively to model her spring dress collection. [SB]
• Iceland may no longer have a financial services industry to speak of, but the fashion industry has apparently been picking up there since the crisis of last fall. Emerging designers are more than happy to snaffle up spaces with cheap rents, and as one put it, "No one is traveling abroad, so you have to shop locally. We have actually doubled our sales." [Time]
• Iman, on how her life changed with retirement: "Where everything was about what you do and about how you look, it changed to more security about me. It was not about 'how will I look ten years from now?' It all became about what kind of person would I be ten years from now." [CNN]
• Hotelier André Balazs gets top billing alongside Angela Lindvall in the new Brioni campaign. Balazs donated the money he earned to charity. [P6]
  
• This week, 800 pairs of the late Adam Goldstein's sneakers are being auctioned off on eBay. All of the proceeds will go to the DJ AM Memorial Fund, which gives money to groups fighting addiction. [eBay]
• On Wednesday, eBay is launching its own online magazine, The Inside Source. [The Moment]
• Barneys is getting a blog. The department store has announced a 7% rise in same-store sales for the month of October, following September's 9% decline. No word on whether or not the company plans to hire a CEO anytime soon, but it is launching a blog for its fashion directors this week. [WWD]
• Not to be outdone, Forever 21 and Karl Lagerfeld are also founding their own magazines. [Blackbook]
• Perhaps Lagerfeld can use this new platform to declaim elasticized waistbands. "I never wear jogging pants. Those things are dangerous," says the designer. "Because they have an elastic band. It stretches and then you don't know when you put on weight. Also, I hate it when you let yourself go! I'm always looking the way you see me now." Also, even though he is now 76, don't say that "R" word around him: "Retirement is not one of the topics with which I deal. Why should I? I still have so many projects that I sometimes don't know where to begin. Chanel will still need some clothes when I'm 89. The world can count on me for a long time." [TV3]
• "Financially successful fashion companies have duped our industry into sacrificing a model's traditional earnings from both fashion shows and fashion advertisements in the name of positive exposure," says Chris Gay, president of Marilyn Model Agency. "If campaigns and shows are now considered just another form of positive exposure, then where's the recompense for a model's time and effort?" Good questions. [TDB]
• Lee Daniels, director of Precious, is modeling in the November J. Crew catalog. [StyleList]
• A dress designed with more than 24,000 ultra-flat LEDs is going on display at the Museum of Science of Industry in Chicago. [Wired]
• In other technofabrics news, a Swiss company has developed a fabric treatment that can make wearers of processed garments up to 9 degrees Fahrenheit cooler, reducing the black-suit-hot-day problem. [NYTimes]
• The New York Foundation for the Arts is under fire for allegedly withholding $175,000 raised for designer Tara Subkoff's struggle with a brain tumor. Subkoff, who was uninsured when the non-cancerous tumor was discovered, according to a source, apparently took a few acting jobs in order to qualify for Screen Actors Guild insurance to cover surgery. The NYFA, meanwhile, was sponsoring a fund-raising event for Subkoff's supporters, intended to raise money for the designer's medical and living expenses during her recovery. But now, $175,000 in hand, the NYFA allegedly won't give the money to Subkoff for anything but medical costs, leaving Subkoff to live in a borrowed apartment and necessitating her to skip required post-operative therapies. [P6]
• Rue21 and Dollar General each debuted as public companies on Friday, Rue21 on the NASDAQ and Dollar General on the NYSE. Rue21 closed at $19, above the hoped-for range, while Dollar General rose by just over a dollar during the day's trading. [WWD]
• Australian big-box retailer Big W has a clothing line inspired by Gossip Girl. It's designed by Kai Aiyub, who does makeovers and styling for a morning television show Down Under, and it includes dresses, shoes, tops, jewelry, bags, and an aquamarine "playsuit." [Big W]
• Saks' longest-serving employee, Nena Ivon, is retiring after 53 years at the Chicago flagship. Ivon began her career as a sales assistant while still in high school; she rose to fashion director and manager of special events. "Retail is retail," says Ivons, who plans to write a book. "It hasn't changed. We still sell clothes, but how we do it is different." [WWD]

• 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]

• Amber Valletta has a clothing line, and Saks Fifth Avenue will donate $250,000 to breast cancer research from goods it sells from this Thursday through Sunday, whether you shop there or not. [USAToday]
• Betsey Johnson — who has talked openly of wanting a diffusion line, perhaps with Target or H&M, in the past — might get her wish. She told the National Arts Club last night that she was in talks to do a line with QVC or HSN. [The Cut]
• Women's Wear Daily tries cheekily to make the point, through historic quotes and photos, that Emanuel Ungaro, the couturier, and Lindsay Lohan, the fake tan executive who now runs his label, share an aesthetic. But, seriously, he's the guy who said "Shock for its own sake doesn't interest me," and, "A maison de couture is not a circus." [WWD]
• Former Calvin Klein underwear model and Guess? campaign star Jason Lewis — also known as that hot guy Samantha starts banging on Sex And The City — is now shilling for something called Charisma Linens. [NYDN]
• Tory Burch is getting into microfinance for women entrepreneurs — domestic microfinance for women entrepreneurs. [TDB]
• A New York University-affiliated group has ranked Louis Vuitton, Ralph Lauren, and Clinique as the top three luxury fashion brands, by "digital IQ." Strange that a company with so much apparent investment in its e-commerce division could show such an utter lack of understanding of the online media; Ralph Lauren's Filippa Hamilton Photoshop debacle, with its manifold examples of the company's digital stupidity, could be hurting the brand for years to come. [WWD]
• M.I.A. wore a $10 suit from Goodwill to meet Anna Wintour. [Twitter]
• Someone get 19-year-old French model Constance Jablonski a beer: she walked in 72 fashion shows in four cities in less than a month. [Models.com]
• Joe Corre, the famous loose cannon behind the Agent Provocateur label, has quit the brand abruptly. He will maintain his ownership share of the company, but no longer work for it. Instead, he'll concentrate on his men's wear line, called Child of the Jago. [WWD]
• Jennifer Connelly isn't returning as the face of Balenciaga. The brand's spring campaign is understood to feature Kasia Struss, and three other models. [Fashionista]
• Lacoste has collaborated with Brazilian industrial designers Fernando and Humberto Campana, and the results include a $7,000 polo shirt made entirely of the label's alligator appliqués, hand-sewn together in a lacey pattern. [WWD]
• Tommy Bahama is doing a line of shirts for Major League Baseball. The first one is for the next World Series. [Crain's]
• Patrick Robinson showed this season's Gap collection in Tokyo, after showing previous seasons in London and New York, to show that "We're all so super-connected. A lot of our stores are in big urban cities, and all of my friends now are all around the world." The designer continued, "But they're texting me and e-mailing me, and we're all connected. But we're also all trying to get back to nature. We're all starting to care about what we drink, and the food we eat, and where that food comes from. There's something about us that's longing to be back in nature. Those two things are sort of at odds with one another, and what I like about this collection is it sort of brings them together." Whatever. The guy makes incredible pants. [WWD]
• Marc Jacobs is bringing back its popular nude celebrity "Protect The Skin You're In" skin cancer awareness t-shirts. They cost $35, and all the proceeds go to the NYU Cancer Institute. [Hypebeast]
• L.L. Bean is trying to update its image with a new collection, designed by Rogues Gallery's Alex Carleton. [WWD]
• Some snooty society magazine editor named Rachel Johnson — Oxford-educated sister of London mayor Boris — decided it was proper to make fun of Twiggy's accent in her editor's letter. "I bumped into Twiggy at a Burberry event at London Fashion Week. I thanked her for being our cover girl. She went a bit blank but when I mentioned this publication her Bambi-eyes lit up and she said, 'Oi love The Lie-dee,' which made me feel very happy." [Daily Express]
• Abercrombie is planning on lowering its prices slowly and strategically, in the hopes of luring customers back without hurting its brand image. [NYPost]
• Burberry's sales in the most recent quarter rose 5%, to $545 million, ahead of analysts' forecasts. Same-store sales also rose 5%. [WSJ]

• Waiting, with Diane Von Furstenberg, for Mayor Bloomberg to arrive in Queens, Anna Wintour said, "If he doesn't show, Diane and I will run on a joint ticket and take over the city." Was that a...joke? Then Lindsay Lohan stole.

• The new Emanual Ungaro creative consultant thingamajig dutifully turned up at the Ungaro store for Fashion's Night Out, selected a leather jacket that met with her approval, and headed for the door. Sales assistants ripped off the tags. [NYDN]
• Yesterday afternoon, Gwen Stefani watched her own presentation, for her L.A.M.B. clothing line, from the audience. It took a while for anybody to recognize her, but once they did, she was mobbed — unusually, for fashion week, where everyone generally pretends not to notice the celebrities, and the celebrities wearily pretend not to notice that they're studiously being not noticed. Also Stefani and husband Gavin Rossdale made out. [The Cut]
• Claudia Schiffer, 39, has posed for an unretouched fashion cover and spread in Tank magazine. However, she is wearing makeup. [Telegraph]
• 13-year-old style blogger Tavi will be front row — with her dad — at Rodarte, due to her friendship with designers Kate and Laura Mulleavy. Tavi, who's on the cover of the current issue of Pop, is also reporting on the shows for the magazine. But the best part? She shops at Loehmann's with her mom. [WSJ]
• Eric Gaskins, the ex-designer behind the formerly anonymous blog The Emperor's Old Clothes, has a book deal and a television show in the works. [WWD]
• Last night, Zac Posen doused and stenciled four cream colored dresses worn live by model Anna Cleveland with paint. Because Fashion's Night Out is all about a) wearing pink leopard print capes to make grand entrances and b) stripping down to a tee shirt and getting one's hands dirty to "make people connect with the creative process." [USAToday]
• Nobody wanted to play Wii tennis with designer Chris Benz. And Justin Timberlake hid for an hour from screaming fans inside the bridal salon at Saks. [NYObs]
• Giorgio Armani says he has made a complete recovery from hepatitis. [AP]
• Peter Som, nobody should consider bread, chocolate, and cheese to be "guilty pleasures"! [GlamChic]
• The design duo behind label Libertine, Cindy Greene and Johnson Hartig, have split up. Hartig will take control over the line, and "return to its roots." [WWD]
• Vena Cava designers Lisa Mayock and Sophie Buhai have two special guests in from California at each one of their presentations: their mothers. [The Cut]
• Monique Lhuillier is pregnant, and due in November. She plans to name the daughter Sophia. Congratulations! [WWD]
• Life advice from Carolina Herrera: "You have to be so happy. You have to love what you are doing...life is complicated, but you have to make the best of it." [GlamChic]
• Remember how Thierry Mugler trumpeted his costume designs for Beyoncé's current tour? Turns out he may have had help from a high-profile freelancer, an experienced costume designer named Chris March. The Project Runway alum is suing Mugler for failing to pay for his services. March is also investigating starting his own line of women's wear with QVC. [WSJ]
• Dries Van Noten, after accepting his award from the Museum at FIT's Couture Council, asked to speak to FIT students. The hour-long Q&A covered everything from his aesthetic, design processes, and perspectives, to his business model. Van Noten founded his label without a backer, and remains self-owned today. "I don't have managers pushing me for fragrance licenses, but I'm informed. I know what Barneys is selling well. I'm known for flowers, but where others might be pressured to put a little bit of flowers in because that's what sells, I can still do a collection of black-and-white and checks," said the Belgian. [WWD]
• Tom Ford, on the release of his first film, A Single Man: "Of course I'm terrified because in a way it's the most personal thing I've ever done and it's the thing that is the most expressive of who I am." The main character, George, played by Colin Firth, is a middle-aged gay man who contemplates suicide following the death of his partner in a car crash. Ford says he based George's preparations for suicide on the actual suicide of a family member: "Someone did kill themselves in exactly that way — went to the store, bought a gun...went home and got a sleeping bag...laid everything out, got into the sleeping bag, zipped it up and killed himself because he didn't want to make a mess." Because it's an Isherwood adaptation, there will be lots of shots of men swimming naked, and playing tennis topless. [Reuters]
• The Buckle is continuing its peerless run of solid growth in sales and revenue, even during this recession. The retailer has now had ten consecutive quarters of same-store sales growth, and its second quarter net income rose 12%, to $25 million. [TS]
• Analysts are pleased by Ann Taylor's turnaround. Although the company announced a second quarter loss last month, stock has risen 21% since then. [Crain's]

The September, 2007, Vogue, which sold 13 million copies, weighed nearly five pounds, and its 840 pages made it the single largest magazine ever published. Seven-hundred and twenty-seven of those pages were ads. When publisher Tom Florio exhorts the magazine's advertising sales team to "sell Vogue the brand like it's never been sold before," you feel it: this is what things were like when economic growth and consumer spending were lockstep in one upward trend, and magazines like Vogue could reliably put out Our Biggest Issue Ever, every year.

You feel it when Grace Coddington reports that Wintour, in killing shots from a lavish 1920s-themed spread, has "just thrown out probably $50,000 worth of work." You feel it when Wintour, having seen stills from an editorial with a color-blocking theme, orders a re-shoot, with different models, different clothes, and a different photographer. (No sum is supplied for the cost of that waste of daily rates, studio rental, and catering.)

You also feel it when Wintour is filmed with her deputy, Sally Singer, at a retailer luncheon the magazine has convened. Retailers are nervous about certain of the things they've seen on the fall runways, and they rely on Wintour as a kind of emissary to the design world; when Singer prompts her boss to share their "good news," Wintour tilts her head and reports that she has spoken to "Mrs. Prada" several times, and that she has agreed to "reinterpret" certain of her runway looks in a more wearable silk-mohair blend, instead of the wool-mohair she had shown on the catwalk. The assembled tableful of executives from Saks and Bergdorf's practically coo with appreciation.

After that decree is handed down to such a happy reception, Burt Tansky, the president and C.E.O. of Neiman Marcus, starts to ask Wintour a long question about delivery schedules. Designers, it seems, are making late and infrequent deliveries, which retailers feel cost them sales; customers want what's new right now. Tansky uses the phrase "demand outstripping supply" several times. It is a shocking moment: it's as if the incredible glut of oversupply, the $3,000 handbag bubble that rose through the market during the years of easy credit and burst last fall in a mess of steep discounting and steeper layoffs, had risen up, taken over Tansky's body, and thunderously demanded to be fed.

Wintour's response is equally shocking: given her magazine's role in pushing the culture of consumption, the culture of "aspirational" consumerism and "It" bags, one might expect Wintour to tell the titans of retail that she will speak to these tardy designers and tell them what's what. But instead she dresses down Tansky, giving him a politician's non-response about how she "hears what he is saying" and that it boils down to a problem of "editing." She says some of the younger designers have trouble editing their collections down, and she will see what she can do. Never mind that "editing" is almost the exact opposite of Tansky's concern; Wintour gets up from the table and leaves. And one is confronted with the surprising sense that, whether or not she knew it at the time, Wintour was on the right side of that issue.

There are a number of surprising things about The September Issue, which I finally saw last night. Although Wintour comes across as fairly warm and forthcoming, the camera cannot hide her staff's authentically fearful reactions to her presence; when Wintour is perusing photo spreads with her art director, she moves slowly and deliberately down a long bench, looking at photos one by one. When she approaches a young assistant who is lingering over, or perhaps just straightening, one of the shots, Wintour, without moving a muscle, says quietly, "Excuse me." The girl jumps out of Wintour's way like she's been bitten, and Wintour continues down the line of pictures without breaking stride.

Apparently, there also must be a rider in Patrick Demarchelier's contract about being able to shoot in beautiful locations, because we witness the production of one of those terrible, jumping, grey-background editorials of which Vogue is so very fond, and it doesn't take place at Milk Studios. Demarchelier, Caroline Trentini, Coddington, and the rest of the team are whisked away to a beautiful modernist house on a wide-open expanse of land; in the living room, a grey backdrop has been hung, and what emerges is a shoot which gives no inkling of its geographical origin. The location fees alone for that shoot boggle the mind.

The adversarial but respectful relationship between Grace Coddington, Vogue's top stylist, and Wintour is also explored. While other fashion editors crumble under Wintour's reproach — Edward Enninful says after a styling critique where Wintour rejects nearly every look he has put together that he wants to kill himself — Coddington fights, both in her editor's office and via backchannels. (She's always using the documentarians to try and find out how her spreads are faring — gaining pages, losing pages, or holding steady — in the layout room.) Wintour seems to respect Coddington all the more for her willingness to scrap; it's as though, like a good boss, she wants to be challenged.

When cover subject Sienna Miller steps into the scene, an instructive juxtaposition between celebrities and models is created. (We also see Raquel Zimmerman, Caroline Trentini, Coco Rocha, and numerous other no-name girls, do their thing; during a couture shoot in Paris, Zimmerman carefully eats a fruit tart the size of a saucer, while a distressed makeup artist looks on in preparation to re-perform her handiwork.) Sienna is full of life, giddy and excited and seemingly fun — also a canny business woman: she makes sure to introduce her designer sister, Savannah, to Wintour and the Vogue team — and the models are more subdued; there's a care taken in their movements. When a source makes the argument that women like Sienna got the idea to be models because they saw the supermodels of the late 80s and early 90s take over the fashion world, and grew to covet Linda Evangelista and Christy Turlington's beautiful ubiquity, it's hard not to agree. Sienna poses and jumps and mugs for the camera like an actress trying to look like a bombastic 80s model, as if by sheer enthusiasm she could will a beautiful picture into existence, and consequently her shots take all manner of Photoshop trickery — fake backgrounds, a head from one shot Frankensteined onto the neck and shoulders from another — to finesse. Raquel and Coco know just how to move a hand or a shoulder to set off the lines of the garment, and they work at it until the shot is just right. Coddington says at one point that she wouldn't care if she never saw another celebrity again in her life; and after seeing the focus that Raquel brings to that couture shoot — which ended up in the October, 2007, issue — you can't help but kind of agree.

The film is a well-studied evocation of all the hard work that goes into producing a magazine; unfortunately, the beauty and editorial sides are a little under-represented (we briefly see a spread featuring the makeup artist Pat McGrath in the layout room, and Wintour spends one scene looking bored while a junior editor goes over story ideas for the issue. "We're focusing on the eye, because I think eyes are a real concern for all women, they're the first thing that starts to really show age, even girls in their 20s worry about their eyes," says the editor. It's like watching a need being manufactured.) Wintour emerges as a surprisingly insecure. "Just because you like to put on a beautiful Carolina Herrera dress or a pair of J Brand blue jeans instead of something basic from Kmart doesn't mean you're a dumb person" is the kind of pre-emptive defense that says more about the defender's perceptions of the attack than anything else. "People are scared of fashion — because they're frightened or insecure, so they put it down...There is something about fashion that can make people very nervous." The idea that people only hate what they do not understand — implicit in which is the idea that there are no valid grounds on which to criticize Wintour, her magazine, or the fashion industry, just hurt feelings — is about the oldest trick in the book. And it comes off like Wintour, with her intellectual heavyweight family, is shadow-boxing. Who seriously pretends these days that appreciating good design and being smart are incompatible? Wintour's eagerness to defend herself on the issue is telling.

Vogue editorial image via Luxx at The Fashion Spot

• They said it would never happen, but a judge ordered that Google reveal Liskula Cohen's anonymous online tormentor. The model sued Google to find out who was behind a hate-blog about her, in order to file a defamation suit. [NYPost]

• Marc Jacobs does not "enjoy", "look forward to," or anticipate seeing any shows besides his own at New York Fashion Week. "Enjoy?" said the designer, at a party in the Hamptons, "Enjoy is a weird word. It's work — work is more what it's about." So it's not fun? "No." In addition to his two collections to show, Jacobs has a wedding pull together just now — his nuptuals with partner Lorenzo Martone will take place privately in Provincetown, Massachussetts, "soon." [The Cut]
• Hopefully Jacobs was put in slightly better humor by a visit from Miss Piggy. She needed a dress for a red carpet affair in Chicago, and the designer was happy to oblige, so the porcine starlet popped in for a fitting. [WWD]
• Keira Knightley and a strategically arranged suspender star in the newest ad for Chanel's Coco Mademoiselle perfume. [Egotastic]
• Sass & Bide, the Australian denim label which generally shows internationally in New York, has announced it is joining the thundering horde heading to London Fashion Week this season. A raft of British designers have made special arrangements to return to London to show in this, London Fashion Week's 25th anniversary year, and even Anna Wintour — who normally drops the city from her fashion calendar — will be showing up. [Telegraph]
• The cast of the next season of Dancing With The Stars has been announced, and Vera Wang's name is not there. Kelly Osbourne, Melissa Joan Hart, and an Ultimate Fighting Champion might not make the best company, anyway, and Wang has a company to run, so we're not that surprised. [Us]
• Elettra Weidemann, Isabella Rossellini's daughter, scored another fall campaign, for G Star. Anton Corbijn, who directed the Joy Division movie Control, and has photographed U2 for years, was the photographer. [Fashionista]
• Eugenia Kim's diffusion line for Urban Outfitters, branded Eek!, includes a nice looking cloche, and some potentially interesting headbands and fascinators. For $28-$48, as opposed to Kim's main line's $200-$300 pricepoint, this line looks like a winner. [FabSugar]
• Speaking of Urban Outfitters, is there any other chain you would expect to take up the noble cause of saving Polaroid from obsolescence? [Elle UK]
• Hermès is reissuing one of its classic scarf designs to benefit the International Federation of Human Rights. The blue-green scarf will be sold on fidh.org for 215 Euros, starting early next month. [WWD]
• Fashion blind item! "WHICH rising American model has stopped getting snapped backstage by photographers? She's dated so many of them (and their important friends) that now they refuse to give her any exposure!" [Fashionista]
• Wal-Mart is expanding its reach into the tween market. In addition to having Taylor Swift design dresses for L.E.I., and selling Miley Cyrus's line with Max Azria, the world's largest retailer has inked a deal with Nickelodeon to partner with the young stars of a show called True Jackson. [WWD]
• Presumably in order to give Toby Keith a run for his money, Kenny Chesney is launching a fashion line. [People]
• Zara is expanding its outlet chain, Leftie's, into France, after successfully opening the super-budget stores in Portugal and Mexico. This is clearly something we need stateside, stat. [WWD]
• Saks' net loss in the second quarter widened to $54.5 million, an increase from the $32.7 million loss the company experienced during the same period last year. However, Saks actually beat analysts' expectations. [WWD]

• Eva Mendes should just drop the transparent "acting" career. The woman — Calvin Klein perfume campaign-snagger, fashion event-schmoozer, Revlon face, and Italian Vogue poseur — is, as these Calvin Klein ads further prove, basically a model now. Embrace it! [People]

• Seriously, nobody is thinking about her critically acclaimed performance in Hitch here. Also the lingerie campaign shots? Are reminiscent of the Posh & Becks his 'n' hers Emporio Armani ones. [E]
• Stop the presses: Lindsay Lohan and Samantha Ronson might still be together because Lindsay bought Sam a clutch purse at the NoHo shop Cream & Blue. She also picked up a pair of Nikes for her brother, Cody. In other Celebrities...Go Shopping! news, Robert Pattinson nearly caused a riot when he browsed the racks at Aloha Rag in the far West Village. There's a video of the commotion, but he's not in it. [Racked]
• L.A.'s boutique for the privileged ragamuffins of the super-elite, Kitson Kids, is being sued by its landlord for some $38,000 of unpaid rent. Kitson claims it is on a kind of rent strike until the landlord makes building improvements, including furnishing "a child-safe stroller ramp" so that parents will no longer have to "put children in danger on a daily basis" by taking the rugrats up the steps. [TMZ]
• Speaking of rich youngsters, Russian orange juice heiress Kira Plastinina might be making a comeback in the U.S. The self-styled fashion designer, already successful in Russia and Eastern Europe, expanded into the U.S. retail market with much fanfare — and then, seven months later, her chain collapsed into liquidation amidst allegations of unpaid wages by former employees. The teenaged tycoon is looking at two of her old L.A. locations, under the name "K. Plastinina." [WWD]
• You know what they get to worry about across the pond, where there are no guns? "Knife crime"! It's no joke: designer Nicole Farhi was allegedly strangled into unconsciousness and robbed of jewelry outside her London home by two knife-wielding brothers. And then there's fashion design student Ryan Houlton, of the University of Salford, for whom knife crime is inspiration. His latest collection is based on the hoodies and tracksuits that knife-crime-committing street gangs wear — but, the designer is quick to point out, the clothes are "not designed for people who commit crimes." Whoever does wear these threads will definitely look sharp. [Telegraph]
• Fellow British fashion student George Davies designed a dress that lights up when the wearer's cell phone rings. Maria Sharapova unveiled it. Why would you want anything so unsubtle? [Reuters]
• Dolce & Gabbana is launching an online store on June 23. [10 Magazine]
• Jesus Luz is also set to walk in Dolce & Gabbana's menswear show in Milan this Saturday as an exclusive (translation: Jesus Luz is going to make a lot of money from doing this show, and no others.) He already bagged one campaign for the brand; could this be the beginning of a beautiful partnership? [WWD]
• Diego Della Valle, who is the founder of Tod's and a big investor in Saks Fifth Avenue, owns the Schiaparelli trademark. But, Della Valle says he does not plan on reviving the house until at least 2011. That timeline casts doubt on the rumors that Olivier Theyskens, lately of Nina Ricci, could be set to take over the brand. Inquiring minds want to know: What is the Belgian boy-wonder gonna get up to instead? [WWD]
• When Lazaro Hernandez and Jack McCollough of Proenza Schouler guest-edited A Magazine, the Belgian fashion title, they made it all Team America World Police-y. There's Chloë Sevigny with stars on her face, pencil drawings of Abe Lincoln, and a story about Marfa, Texas, inside. [NYTimes]
• Designer Kenzo Takada sold his art collection at auction for $2.6 million in Paris. [WWD]
• To the surprise of exactly nobody, retail apparel prices dropped again in May. In fact, the overall Consumer Price Index fell by its sharpest year-over-year amount since, well, January. [WWD]
• Liz Claiborne announced it expected a bigger loss for this quarter than it had previously thought. Its share price tumbled 13%. [Reuters]
• Money-losing company Pacific Sunwear has chosen a new C.E.O., and it's former Vans chief executive Gary H. Schoenfeld. [LATimes]
• Eddie Bauer declared its long-anticipated bankruptcy yesterday. It's the company's third bankruptcy filing in its nearly 90-year history; it hopes to be sold and emerge as a going concern. [AP]
• Fellow recession-plagued retailer Abercrombie & Fitch, while not bankrupt, has announced the end of its pricier Ruehl brand. Ruehl's same-store sales were down 33% in the month of May. All 29 Ruehl shops will be shuttered by the end of this year. [WSJ]
• Macy's is recalling 33,000 hoodies that pose a choking hazard. The hooded sweatshirts, sold under the brand names Greendog and Epic Threads between July, 2008, and March of this year, should be returned to the store for a full refund. [UPI]
• Topshop is renting bicycles to New Yorkers for free at its SoHo store. The catch? It's only for the week starting June 20, and there are all of 30 bikes available. But still: Free bikes! [

• It seems Calvin Klein put up a billboard in SoHo which some find a little too sexy. We sure hope this kerfuffle ("It's borderline pornographic!") and all the media coverage of it doesn't hurt the company's denim sales! [NYDN]

• "Nothing will be the same again, it would be illusory to think it will be the same again," now that we're in a recession, said Bernard Arnault, chairman and chief executive of LVMH. "In the most developed countries, customers will want exceptional brands. In developing countries, customers will increasingly adopt consumption models of developed countries." Funny, that actually sounds familiar! [WWD]
• Watch out for more from model/heiress Lydia Hearst: She was in one independent film, The Last International Playboy, which is a title that every time I read it makes me briefly confused about whether the movie is an adaptation of The Playboy of the Western World, but in any case, for Lydia, the fame train has not yet reached the end of its line. "This is hopefully just the beginning," Hearst said at the premiere. "I'm a model, but you can expect a lot more from me soon." [WWD]
• Phoebe Philo's resort collection for Celine, her first, was given a rave review by Cathy Horyn at the New York Times. "The central thing to know about her Celine clothes, which are terrific for a number of reasons, is that they reflect an every-day style. By that I mean they are clothes you want to wear every day, whether you work in an office or a gallery, part-time or at home. They answer the questions many women have about wanting to look good at work — appropriate — while still looking relaxed and casual. I'm not sure what Celine really means to American women, and I don't really care, but I thought it interesting that Ms. Philo focused on sportswear — not dresses, not ball gowns, not girlish, what-do-I-do-with-this-now separates. She makes one of the strongest sportswear statements we've seen in some time...It looked right for now, a reprieve from the Balmainia of ultra minidresses and chunky little boots." [On The Runway]
• We shudder to think what this collab might look like: Ronnie Wood and Liberty of London. Leather, black eyeliner, and...floral prints? Oh, wait, the apparel and accessories lines will be based around the Stone's "choice quotations" and art. That sounds so much better. [WWD]
• A more successful pairing might be Loomstate and Keds, which reaches Barneys Coop stores and Barneys.com today. Loomstate redesigned five laceless classic Keds with its prints on 100% organic cotton uppers and linings, the insoles are recycled, the eyelets are nickel-free, and the shoe boxes are recycled. Each pair runs $75. [WWD]
• Is this Tom Ford sounding penitent? "That whole obsession with youth, with new, new, new — it's giving us clothes no one can wear. As for the business model that I followed at Gucci — the new this, the It that, the let's get it on a celebrity and shoot her in front of a logo, it was getting old then. Now it's really old." [Times of London]
• Michael Kors and Heidi Klum, already a familiar duo from evening television, are behind this year's Breast Cancer Research Foundation/Saks Fifth Avenue Key to the Cure fundraiser. Kors has designed a t-shirt that will retail at $40 at Saks, and Klum will model the top for print advertisements. Saks will donate $500,000 to the Breast Cancer Research Foundation, and 2% of the shirt sales, up to $250,000, to other local and national breast cancer charities. [WWD]
• O.M.G., everybody: since 1997, Old Navy has sold t-shirts with an American flag on them and the current year at the bargain price of $5, in honor of making money around the 4th of July holiday. But this year, Wal-Mart's private label Faded Glory has a flag t-shirt with the year on it, and it only costs $3! How are we ever going to choose a retailer to affirm our patriotism now? [NYTimes]
• Clever boy that Jason Wu. For his pre-fall collection, the designer created six different pieces for five top stores: Nordstrom, Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue, and Jeffrey. Letting everyone get slightly different versions of the same thing keeps the consumer shopping and might go some way to thwarting the race-to-the-bottom effect of discounting. He's doing the same thing for Spring. [WWD]
• Realizing perhaps that in offering 15-year-old Tallulah Belle (Bruce and Demi's daughter) an internship they had in fact violated employment laws, Harper's Bazaar would like to clarify that the youngster is not, in fact, an "intern," but a "guest" of the magazine. Who comes to work every day to shadow the editors. Right. [Daily Express]
• The first pan-African fashion week kicked off in Johannesburg, featuring 50 designers from as far away as Sierra Leone and Nigeria. [Reuters]
• A recent vogue for bobcat fur may be hurting bobcat populations in the Western states. Nevada, New Meico, and Wyoming all have long trapping seasons for the cats, and no limits on how many may be killed. Their popularity with designers has caused prices to surge to around $500 a pelt. [AP]
• Selma Weiser, the 84-year-old founder of legendary Manhattan boutique Charivari, died of heart failure on Friday in her home on the Upper West Side. In the 60s, 70s and 80s, Weiser was among the very first to bring designers such as Claude Montana, Yohji Yamamoto, Issey Miyake, Giorgio Armani, and Thierry Mugler to an American audience. She also gave Marc Jacobs a job as a shop assistant when he was 15. [WWD]
• Someone named Scott Amron — apparently an electrical engineer/designer/inventor, and someone unaware of LVMH's aggressive policing of its intellectual property — had the bright idea to sell "Luis Vuitton" [sic] band-aids made of perforated leather. We sense the descent of lawyers in 3, 2, 1... [AmronExptl]
• Natalie Massenet, founder of Net-A-Porter, and Christopher Bailey, creative director of Burberry, were named MBEs at Buckingham Palace this weekend. [WWD]

• Filling Lily Donaldson's shoes, Emma Watson, 19, will be the face of Burberry. Said designer Christopher Bailey: "Her charm and intellect and brilliant sense of fun made the whole shoot feel like a picnic on the Thames." [Telegraph]

• Celebrities: They're Better Than Us! Their World Environment Day parties may be sponsored by Lexus and hosted by Stella McCartney's West Hollywood store, but when it gets down to it, their commitment to the greening of the planet is breathtaking: "I grow my own food and I'm trying to figure out how to make my own fuel," remarked Darryl Hannah. Emily Deschanel said she celebrated the day as follows: "I ate vegan meals. I drove my hybrid. I used environmentally efficient lightbulbs. The list is endless." Endless. (What's on your list, huh?) Rosario Dawson, for her part, "didn't use plastic bags at the farmers' market." There are levels of virtue to which we, mere mortals, cannot aspire. [Style.com]
• British accessories designer Lulu Guinness wore a purple dress with googly eyes on it to the 20th anniversary party of her label. We're still waiting to see her make the Hamburgler look hot. [The Cut]
• Elle MacPherson, whose Notting Hill home has been on the market for more than a year without attracting a buyer, has slashed its price by £2 million. The seven-story house is now available at the bargain price of £7.5 million. [Daily Mail]
• Peaches Geldof was apparently having a sleepover with Courtney Love, and decided to Twitter their little tête-à-tête. Including a reference to Love's rumored new clothing line, which, and we repeat the source here is Peaches Geldof's Twitter, supposedly includes such touches as "cotton ribbed body suits," "cashmere harem pants" and "stitching a ruby into every outfit." [Grazia]
• Naming your label "Comme des Garçons" ("Like boys") is one thing, but we never thought that actually meant Rei Kawakubo had anything against women per se. And yet: "I never felt my work had anything to do with being a woman," said the designer. "I am not a feminist. I was never interested in any movement as such. I just decided to make a company built around creation, and with creation as my sword, I could fight the battles I wanted to fight." [IHT]
• Christian Lacroix, who has been designing for the bankrupt fashion house that bears his name without pay for months now, has made the sad announcement that when the company leaves bankruptcy court, all that may remain is a licensing operation. With no couture. (This despite the fact that the lower-priced lines Christian Lacroix Jeans and Bazar were hemorrhaging money, and have already been shut down.) Couture is so much the essence of the Lacroix fashion identity that we shudder to think of the name existing only to brand sunglasses and perfumes, like a revenant. One of his couture clients offered to buy the company and its debts, but Lacroix turned her down. [WWD]
• In a step towards vertical integration, Hermès C.E.O. Patrick Thomas announced the company is now breeding its own crocodiles. Not to release upon its enemies — one chomp and you're dead meat, Prada It-bag — but to speed up their production of exotic skin bags, which fetch up to $48,000, or some of the highest prices of any of their accessories. How are crocodiles farmed, you ask? Very carefully! In separate crates, to stop them biting each other and damaging their hides. "It can take three to four crocodiles to make one of our bags so we are now breeding our own crocodiles on our own farms, mainly in Australia," said Thomas. Hermès' leather goods division has continued to see robust demand for its products during the downturn. The company even added another 50-100 leather workers to its staff of 2,000 France-based craftspeople so far this year. [Reuters]
• Also chasing the tippety-top of the market: Saks Fifth Avenue. The troubled retailer is set to open its $30 million designer showcase floor, which will be filled with the likes of Chanel, Oscar de la Renta, and Armani. No doubt the pieces will be chosen very carefully, to avoid a repeat of last Fall's debacle. [WWD]
• What does an American Apparel store in China look like, you wonder? Just like one in SoHo, only empty. [Racked]
• Starting July 5, Neiman Marcus will shorten the opening hours of half of its 40 stores. [WWD]
• Even after offloading J. Jill to a private equity fund for a quick $75 mill, all is far from well at Talbots. The retailer just announced its quarterly results, and it lost $23.6 million, on the back of same-store sales that fell by 26.9%, during the period ended May 2. It plans to eliminate a full 20% of its workforce. Three hundred and seventy corporate-level workers were already laid off in February. [Forbes]

• Hilary Rhoda: Estée Lauder spokesmodel with a thing for drugstore makeup. A woman after our own hearts. [Daily Beast]
• In other news from model-land, Adriana Lima might be pregnant. [NYDN]
• Also said to be expecting: Gisele Bundchen. [NYDN]
• And sources say Kate Moss could be birthing a "novel." [Sun]

• Givenchy's Fall/Winter campaign, shot this time by Mert Alas and Marcus Piggott after nine seasons in the hands of Inez van Lamsweerde and Vinoodh Matadin, features newcomer model Ranya Mordanova and her distinctive bowl cut. [WWD]
• Stefan Persson, the Swedish owner of H&M, is in the final stages of a $40 million deal to buy an entire village in Britain. Linkenholt, its manor estate, cricket grounds, town hall, forest, surrounding farm land, and all 21 current residents' homes, will become Persson's. Curiously, the neighboring town of Andover was the site, in 994, of the confirmation of Viking King Olaf Tryggvason, who, in following the religious ceremony and the receipt of other gifts, promised King Ethelred the Unready that he would stop raiding England. (The Viking king was technically Norwegian, not Swedish, but it's still an odd coincidence.) [UPI]
• Another country estate, this one in Scotland, with a fashion connection, is to be restored by its owner. Rundown Rosehall House, which was decorated by Coco Chanel in the 1920s, is going to be turned into a luxury country club under a £3 million renovation plan. [Daily Express]
• At Dior's party for Marion Cotillard at Cannes, Alex de Betak, who produces shows for the major houses, revealed that he's curating an exhibition dedicated to fashion shows that will unfurl in 3-D at the NRW Forum in Dusseldorf in July. Expect references to the now in-again late 80s/early 90s: "There are shows that made a big impression on me before I even started out, like the Thierry Mugler with the motorbike and George Michael or Gaultier's shows at the Villette where girls were coming out of the floor. Those were so memorable." [WWD]
• Cartier filed and withdrew a lawsuit against Apple in the same day. The jewelry house alleged that two iPhone applications infringed on its trademark Tank watches; Apple removed the apps from its online store. [WSJ]
• John Duerden, the new CEO of Crocs, a company which was supposed to be bankrupt already after losing $22.4 million in the first quarter of this year alone, thinks the company can be saved with aggressive cost-cutting and a thorough pruning of its inventory. [WWD]
• The rejected Aquascutum buyout may have been the company's last chance for survival. Former chief executive Kim Winser, who transformed Pringle into a fashion brand before taking over Aquascutum three years ago, had wanted to buy the venerable English house from its current Japanese owners, Renown, which is looking to spin off the brand as part of company-wide restructuring. Now, 400 jobs and the company's pension obligations are in jeopardy. [FT]
• Fellow iconic British label Burberry Prorsum will show in London, not Milan, this September, to mark the 25th anniversary of London Fashion Week and the British Fashion Council. [WWD]
• Rumors of a rift between Donatella Versace, creative director, and Giancarlo di Risio, chief executive, over Versace's falling fortunes and recession strategy have been denied "unanimously and categorically" by the company board. Di Risio was said to be on the point of leaving the company. Versace has so far refused to adapt much to the new patterns of consumer spending, emphatically not lowering its prices. The company believes that discounting would harm its luxury brand identity in the long term; sales have plummeted, even relative to the overall troubled high-end fashion market, with revenue falling 13.4% in the first quarter of 2009. [FT]
• Saks's CEO has pledged to offer more low-priced items following a 27% decline in sales in the first quarter. Lanvin, meanwhile, has just announced that it made $9.9 million in profits during 2008, a year for which sales grew 29%. [WWD]
• Nordstrom's prices are already an average of 10% lower than they were one year ago. [WWD]
• For his part, John Varvatos has one question he'd like to ask God, assuming s/he exists: "When is the economy going to turn around?" [The Fashion Informer]
• Sergio Rossi has a new president and CEO: Christophe Mélard. [WWD]
• Guthy Renker Australia, which, there as here, sells skincare products, including Proactiv and Principal Secret, via infomercial, lost AU$15 million last year. The American parent company has had to guarantee its debts. [News.com.au]
• Ittierre, the troubled Italian fashion company that Roberto Cavalli blamed for the cancellation of his Fall/Winter Just Cavalli show this February, has renewed its licensing deal not only with Cavalli, but with C'N'C, Costume National's diffusion brand. [WWD]

It's not in dispute that the fashion industry is in some dark times right now; what are as-yet unanswered questions is just how bad things are, and what that will mean for future patterns of consumer spending.

On the former point, The Atlantic's Benjamin Schwartz takes a dire view indeed, calling the most recent New York fashion week "a splendid relic" and quoting liberally from F. Scott Fitzgerald's Depression-era essays on the free-spending, free-spirited, bull-market 1920s, and what the period meant. (Whether Schwartz's blithely generic line, "The current collapse, universally labeled within the fashion world a depression," and inclusion of data about the layoffs of just under 2,000 people at Saks Fifth Avenue and Neiman Marcus are strong enough factual support to bear the weigh of Fitzgerald and his Jazz Age elegies is questionable; if and when we see California close its borders and tens of thousands of hoboes camp out on the Washington Mall, then we'll know for sure if this downturn merits a comparison in absolute terms with the Great D.)

But Schwartz's article gets a lot of things right, too. He's mostly on point with the queasy timeloop of fashion, wherein collections are presented six months ahead of the season for which they are designed, made of fabrics ordered six months earlier, and financed with the proceeds of the collection which had, all the way back then, just left stores. If anyone wondered why last September's collections seemed so deaf to the sudden financial crisis ringing through the land, that was why. Similarly, the glut of unsold product that clogged the department stores last fall — and which caused Saks and others to break the rule about not discounting new stock before it had been in store two months — was all there because buyers had ordered it the previous February, when no-one foresaw the crisis, the ensuing recession, or the cataclysmic correction in consumer spending they would bring. (I don't think that, as a result, this February runway models "halved their catwalk fees" out of the goodness of our hearts, as Schwartz's odd locution implies — and the per-show rate he quotes, $20,000, is typical only of models named Naomi Campbell, anyway — it was more like designers cut rates on the girls they were paying at all, cut payment-in-trade on the girls they never were paying to begin with, and we all ate it. But that's a small misunderstanding of an industry subsection that is itself willfully obscurantist.)

Exactly how bad things are — F. Scott Fitzgerald bad, or survive-and-reorganize bad — aside, what to do about the fall in consumer spending has advertisers and magazines thinking furiously. As W magazine reported, the luxury market reached its peak in 2007; unusually, the luxury-goods sector has been hit harder than retail generally, and was down 23% last month. Counter-intuitively, publisher Nina Lawrence sees this as evidence of a "luxury renaissance." In this view, aspirational consumers are down for the count, leaving the very wealthy to enjoy the perks of membership in what is once more a very exclusive club.

Others, and Schwartz is among them, see a place for the aspirational consumer still — but that new ways of reaching her are being found. Sally Singer, Vogue's fashion news and features director, wore a year-old doubleknit cashmere Halston blazer, a J. Crew sweater, and "very old" Devi Kroell ballet flats to the first day of fashion week, and speaks of "conscientious consumption"; ergo, says Schwartz, "this idea of buying so-called investment pieces resonates more deeply today than it did even six months ago." Julie Gilhart, Barneys' senior vice president and fashion director, says, "If I were a consumer now, I'd really want to buy pieces that count, that last; the customer is in no hurry. She should be choosing these things with great care." Singer reminds us that "things that are very expensive can be very expensive for just the right reasons — because they were made beautifully by someone who really gave a lot of care to the design and by people who were fairly paid along the way to execute something that was rather difficult. Those prices that often seem high are fair prices."

Singer edits the Vogue "Views" section, which this month leads off with an exclusive story about Christopher Kane's new position as creative director of Versus, Versace's relaunched, lower-priced line. The Kane-designed "gladiator heels" in the accompanying photograph cost $3,400.

Karl Lagerfeld would support Singer's view. As he tweeted yesterday: "Guilty feelings about clothes are totally unnecessary. A lot of people earn their living by making clothes, so you should never feel bad."

Chanel is a privately held company, so of course it's impossible for any of us to actually know what else besides honest middle-class livings for garment workers is financed by the cost of a $2,000 purse or a $4,000 dress.

The entire idea of "investment" dressing is actually pretty dubious, writes Lesley M. M. Blume, at The Big Money. It's nothing more than a marketing term designed to separate us from our hard-earned cash, says Dana Thomas, the author of last year's De-Luxe: How Luxury Lost Its Luster. "They're just changing the slogans. It used to be, everyone deserves a little luxury and a little splurge. Now that no one can afford the splurge, the business executives are all scratching their heads and saying, how can we repackage this again? So now you're buying 'quality things that last forever.' "

Investments are, after all, supposed to hold or rise in value — but this season's $1,600 purse depreciates as soon as it leaves Bergdorf's, like a new car burning off value as it leaves the lot. Only a few luxury items can actually fetch comparable prices when sold second-hand (as-new Birkin bags can actually rise slightly in resale value, since Hermès controls the $6,000-and-up retail market with extraordinary artificial scarcity, closed three-year waiting lists and all). But when the resale boutique commissions (or eBay and PayPal fees) are taken into account, the "value" of a Birkin — or any fashion item — depreciates, often precipitously. "Investment" is a weasel word in fashion, and it's a disappointment to see The Atlantic repeating an advertising term uncritically.

Whether Singer and Gilhart are sincere in their belief that, as Singer puts it, "the world does not need more things," it's true that both work for companies that make their living by stoking the fires of consumption. (Cathy Horyn nailed Vogue's particular blitheness when she wondered at its "peculiar fascination for the ‘villa in Tuscany' story" this January; you would also do well to remember last September's $64,000 gold-dipped fur coat by Fendi, which is of course designed by Karl Lagerfeld. "Value" indeed.) I'm not saying that these industry figures, and others who share their sympathies, can't and won't lead us into a new, more sustainable era of fashion; I'm just saying I'm wary of anything that, at least for now, still has the feel of a cannily adjusted marketing strategy.

Fashion in Dark Times [The Atlantic]
A Luxury Renaissance Is Upon Us [The Cut]
Luxury As An Investment? [The Big Money]
Karl Lagerfeld's Twitter [Twitter]

Earlier:
When A Fashionista Turns On Fashion
Fashion Week: The Party's Not Over Yet
New York Times Bets Against Anna Wintour, American Vogue

• Gwyneth Paltrow has tired of the cosmetics contract gravy train; no longer shall the actress concentrate on embodying the qualities of the Estée Lauder brand. Instead, she'll be the new, white Oprah! [Daily Mail]

• Nanette Lepore has added her voice to the save the garment center chorus. [HuffPo]
• According to Jesus Luz's Brazilian agent, Sergio Mattos, Luz was paid $100 for the two-day Steven Klein shoot with Madonna that ended up in W. Let me say this one more time: that kind of pay is entirely standard for an editorial shoot, no matter one's modeling experience or industry status. [NY Post]
• Christina Aguilera looks, um, Photoshopped to high hell in the new Stephen Webster jewelry campaign. [Sun]
• Jerry Hall got a $750,000 advance from HarperCollins to write a memoir that would include full details on her life with Mick Jagger. But the manuscript Hall rendered proved too tame and cagey on the subject of Jagger for the publisher's taste; the supermodel has agreed to return the advance. (Side note: how many times do you get to read a word like "priapic" in the Daily Mail?) [Daily Mail]
• Terry Richardson just shot next year's Pirelli calendar in Trancoso, Bahia, Brazil. Georgina Stojiljkovic, Catherine McNeil, Abbey Lee Kershaw, and Daisy Lowe are purported to be featured, along with actual Brazilians Gracie Carvalho and Ana Beatriz Barros. Glamurama got a NSFW snap of Richardson in action, shooting a topless McNeil on a white horse. [Glamurama via Fashionologie]
• Supposedly, Zac Posen is in the early stages of producing a scripted series for the CW network about the equestrian world. Might be a wise move to diversify, as we keep hearing wild rumors that his label is in trouble. [The Cut]
• Erin Fetherston is also shooting a short film this week, starring Juliette Lewis, and her fall collection. Music is by Damon Dash. Her husband also confirmed that the designer will launch a line for home-shopping giant QVC this fall, probably during fashion week. [WWD]
• Stacey Bendet Eisner — yes, last year she married the son of that Eisner — is the designer behind Alice + Olivia. And she says there are exciting things to come for the brand, including an expanded line of embellished t-shirts, a jewelry line with Erickson Beamon coming out this November, and a possible cosmetics deal. [Blackbook]
• Macy's says not to expect deep markdowns this season — but it does want a lower-priced outlet store bearing its name, since Saks and Nordstrom both have them. [WWD]
• Douglas Reker, one of the bracingly new designers I'm personally most excited about, has just been picked up for fall by Barneys Coop. [Crain's]
• Now that Lakshmi Menon — two-time Indian Vogue covergirl — has had her only-girl editorial debut in American Vogue, industry commentators wonder aloud: Why has it taken so long for a South Asian supermodel to emerge? Sarah Doukas of London mega-agency Storm says it's because Indians are culturally conservative and don't want their daughters modeling; Menon says agencies don't have scouting networks on the subcontinent, and if you don't look for something, of course you won't find it. [Independent]
• England's National Trust is in talks to buy the home of the late designer Laura Ashley. [Telegraph]
• Leigh Lezark, who is a member of this preposterous thing called the MisShapes, but who nonetheless finds time in her busy schedule to "model", might be Matthew Williamson's new muse. Because a perpetually black-clad stony-stared New Yorker would be the perfect match for his exuberant tastes. [Fashionista]
• Rosa Chá, which is just about the best-looking and best-fitting swimwear out there, barring perhaps Norma Kamali, and therefore heartbreaking for its extravagant price, is losing its founding designer, Amir Slama. Slama, who launched Rosa Chá over two decades ago, is going to start a namesake swim collection. Brazilian Alexandre Herchcovitz will take over at Rosa Chá. [WWD]
• Diego Della Valle, the head of Italian leather goods brand Tod's, has doubled his investment stake in Saks Fifth Avenue, to 5.9%. [WWD]
• Alberta Ferretti, Moschino, and Pollini are all lowering their prices. Their parent company, Italy's Aeffe SpA, experienced steep losses in the first quarter of this year, and has thus formulated a cost-cutting plan that is intended to save $13.6 million over the course of 2010. In addition to lowering prices, Aeffe is shrinking its collections and planning layoffs. [WWD]

• Eva Mendes, along with male model Jamie Dornan, are confirmed as the fall faces of Calvin Klein Jeans and Calvin Klein Underwear. Steven Klein shot the campaigns. [WWD]

• At last night's Met ball, seven models and one designer were conspicuously absent. Azzedine Alaïa, the diminutive Tunisian-born designer whose relationship with his models, particularly the mega-famous 80s/90s supes, is so deep that most of them call him "papa," was not asked to be part of the Met's exhibition, themed "The Model as Muse." Because, explains curator Harold Koda, he assumed, without even checking, that Alaïa would not want to be in the exhibit. Although Alaïa made and fitted dresses for models including Stephanie Seymour, Naomi Campbell (who has been his muse for 23 years), Veronica Webb, and Linda Evangelista to attend the exhibit opening, when he found out that none of his work would be represented at the museum, he asked all his models not to attend. Which they were more than happy to do. "Azzedine has made my dress for every single ball," said Seymour. "I will still make my donation to the Met, but I won't be going." Koda, ball organizer Anna Wintour, and co-chair Marc Jacobs, whose company is sponsoring the event, are all very sorry indeed that the designer who has perhaps the most enduring links of all with his model-muses will not be included in the show about designers, models, and muses. But none of them admit a whit of responsibility, which leads me to point out here, that Azzedine Alaïa, like Dries van Noten and a handful of other successful designers, doesn't produce campaigns. Armani and Versace, the two designers who dominate the 80s section of the exhibit, regularly lavish Vogue with their advertising dollars. [On The Runway & On The Runway]
• Of the event itself, the Times writes: "Asked how she felt about being a museum-worthy muse, Ms. Moss shrugged and pulled a big piece of gum out of her mouth. 'I'm amused,' she said. 'I think it's quite interesting for somebody to go outside of the box and think that a model actually has had some input into fashion. A lot of the time, the models don't really get a say.'" [NY Times]
• Significantly more enthusiastic was André Leon Talley, who, upon his first sighting of Moss, was heard to shriek "Goddess!" [WWD Twitter]
• Today, Chanel launches its new ad for its No. 5 perfume, a video by Jean-Pierre Jeunet, starring Audrey Tautou. In honor of the momentous occasion, the stretch of Fifth Avenue that borders Saks will be renamed "Avenue No 5" and the department store's windows will be dressed to celebrate the ad. [Racked]
• Jason Wu gives New York magazine a tour of the modest West 37th St. one-bedroom, decorated all in gray, that his family bought him after he moved to New York. The designer relaxes by cooking dinners for his friends. In between, he clears off the kitchen bench to design his FAO Schwartz range of dolls. [NYMag]
• Elle MacPherson's style icons are Steve McQueen and Katharine Hepburn. She also name-drops Banjo and Matilda cashmere, "an Australian brand," without specifying that it's owned by her brother and sister-in-law. [Independent]
• Marc Jacobs: "If you have five minutes free in New York, you're a failure. If you have five minutes free in Paris, you're a success." [Glamour]
• Stella McCartney has been making appearances at Barneys left and right; she's doing two more before the week is out. And her 23-piece collection for Net-a-porter goes on sale today. [WWD]
• Miuccia Prada loves her Carston Höller office slide, contemporary art, and Earl Grey tea. And being different. "I always want to be different, as a way to progress. At the beginning, I wanted to make a soft bag out of stiff leather. I wanted to make rich materials look poor, and poor materials look rich. Always there was something disturbing. In the end, that's probably why people like Prada." [Telegraph]
• American Apparel's witness list for its upcoming court date with Woody Allen includes Allen's ex, Mia Farrow, his current wife and Farrow's adopted daughter, Soon-Yi Previn, and Larry Flynt. [Reuters]
• Conflicting reports about Liz Claiborne today: while just last week Racked was reporting that, gee, an awful lot of the new Isaac Mizrahi-designed clothes seemed to be already needing heavy discounts on the website to move, today, Goldman Sachs upgraded the stock to a "buy," partly due to the company's leaner inventories. Share prices rose 30%, to $6.46, following the news. [Crain's]
• In this economy, retailers are trying "positive thinking." Because it's all they have left! Ha ha, I'm kidding. But only a little. [WWD]
• Adidas needs to save 100 million Euros this year. To that end, it's closing regional offices in Europe and Asia, and has not ruled out shutting retail stores. [NY Times]
• J. Crew's children's line, Crewcuts, now has its own standalone catalog. [WWD]
• Estée Lauder's profits fell 70% in the third quarter, so now they're touting the brand as a good option for bargain-hunters. There'll be more free services at the cosmetics counter, and smaller-size products that'll be priced to scale. But probably still expensive. [WSJ]
• Kathy Ireland thinks the media obsession with women's bodies is ridiculous, and that the focus on how we look, as opposed to our health, is misdirected. Because bodies are for living in, not looking at. "Beautiful people come in all shapes and sizes, ages and colors," Ireland told Larry King. "With my weight gain, people wanted to know, Well, when is she going to squeeze back into a bikini? No. That is not what it's about. But what people weren't asking me [was], What's the triglyceride level? What is the C reactive protein?...Heart disease is the number one killer of women in America." [CNN]

• It had to happen eventually. David Beckham has dipped a toe in the choppy waters of retail, becoming a Celebrity Designer. You can buy his clothes for Adidas Originals starting this fall. [WWD]

• Madonna allegedly got her friend Marc Jacobs to write the INS and say model boy-toy Jesus Luz was a necessity to his label and deserved a US work permit. [Daily Express]
• Jesus Luz also had a rough time backstage at his last runway gig, the Jeffrey Fashion Cares AIDS benefit in New York. Says one backstage source, "None of the other models would talk to Jesus or even look at him. They were gossiping like catty girls about how they couldn't wait for his career to fizzle out." The other male models, see, feel that Luz has been given unfair advantages because of his relationship with Madonna. Which is absolutely true, and absolutely beside the point, since any modeling career is built on lucky breaks that harden into unfair advantages. Normally models understand this better than anyone. [NYDN]
• Brides.com had Project Runway sprite Christian Siriano design fantasy dresses for celebrity brides-to-be Uma Thurman, Amy Adams, Zooey Deschanel, and Rachel Bilson. Surprise: They're all about "drama"! [Brides.com]
• Forever 21 is close to opening its 19,000 square foot flagship in Tokyo. [WWD]
• Ed Hardy is now a wine you can drink. I actually noticed this about a month ago, when I dropped by my favorite bottle store one afternoon and was greeted by the owner straightening a display of $10 bottles festooned with skulls; he said branding maestro Christian Audigier's vodka ranks with Ketel One, but that only the Cabernet Sauvignon is worth trying, among the wines. The rest, he said, breaking down a box covered in giant dripping daggers and tiger heads, are too sweet. I bought a Portuguese red and walked home, thinking troubled thoughts about branding and its increasingly oblique relationship to any given product's essential qualities. [LA Times]
• Which, if you think about it, is also the operating principle behind: Rebecca Taylor Cupcakes. [FWD]
• Troubled department store Barneys has announced an exclusive lower-priced menswear line by Paul Smith. Suits, basics, and shirts will cost 20-30% less than the same items from the Paul Smith collection. Smith must be a busy man; this collection is on top of a sheaf of brands that includes Paul Smith London, Paul Smith Jeans, PS Paul Smith, Paul Smith Blue, Paul Smith Black. There are just so many ways to sell monkey t-shirts. [WWD]
• Woman buys $700 Louis Vuitton Speedy size 30. Woman receives Louis Vuitton Speedy size 25. Woman returns the wrong sized bag. Louis Vuitton refuses the return, claiming it found a single human hair inside. Woman processes credit-card chargeback. And people wonder why the "luxury" industry is in trouble. [Consumerist]
• Peter Som has had one of the roughest times in fashion as of late. After being fired from Bill Blass, the talented designer he launched his own line, only to have his financial backers beat a hasty retreat as the retail climate turned frosty last fall. Still, Marymount College gave him their designer of the year award and invited him to speak at their annual graduate fashion show. I hope the award came with some money attached, so the man can get back to making beautiful women's clothes. [WWD]
• The creative director of Sonia Rykiel has left the company, after fewer than 18 months in charge. Gabrielle Greiss, who worked as Sonia Rykiel's chief assistant for three years before taking over the creative direction of the brand, will be replaced by a design team overseen by company president Nathalie Rykiel. [British Vogue]
• Zac Posen recreated his fall runway show at a Houston Saks Fifth Avenue for charity. And for "market research." [WWD]
• Banana Republic hired an Italian-trained menswear creative director away from Brooks Brothers last year, and now he's making the chain's offerings more like traditional tailoring. Only with places to put your wired accessories. [Esquire]

• Naomi Campbell stalked the runway like a thoroughbred in Mumbai for a charity show. Last time Campbell blended fashion and philanthropy, the supermodel raised over $1 million for Hurricane Katrina survivors. [Daily Mail]

• Mikhail Gorbachev is not enough for some people. The rapacious machine of Louis Vuitton's advertising, which most people don't realize actually sucks its subjects' dignity through the lens of Annie Liebovitz's Canon, has claimed more victims: Buzz Aldrin, Sally Ride, and fellow astronaut Jim Lovell. That's right: men and women who could withstand the g-forces of extraterrestrial flight could not say 'no' to LVMH. [WWD]
• British Vogue editor Alexandra Shulman says her biggest concern about taking the position back in 1992 was that it would involve a lot of flying. "I hadn't been on a plane in 10 years," she said at an event in England. "How could I accept a job that would mean that I had to fly all the time? I'm still very nervous on a plane." [Vogue UK]
• More bad news for Halston: the oft-revived label, left semi-conscious as of late following the firing of its latest creative director, Marco Zanini, is now down one vice-president of marketing. Atul Pathak resigned two weeks ago, just after the Paris shows. [WWD]
• Los Angeles fashion week happened recently. Don't feel too badly if you missed it: the LA Times itself called proceedings "more than an exercise in futility." [LA Times]
• Vera Wang's Lavender line is in trouble. Hitting the high end of the price range for a contemporary line is causing some grief, and Saks has dropped it. Neiman Marcus will carry Vera Wang Lavender in only ten stores this season, and drop it for fall. Wang says she's mulling over lowering the pricing, or spinning it off into a license. [WWD]
• Lanvin's London flagship store is now open. I suppose that means Alber Elbaz's long contretemps with the architects, related by Ariel Levy in her recent New Yorker profile of the designer, was happily resolved. [FWD]
• Kira Plastinina's still got stores a-plenty, too. (Albeit not in the US, where her eponymous pink-themed clothing chain went bust less than a year after her entry into the market.) As soon as she finishes high school in Moscow this spring, the fruit juice heiress intends to take a step that most designers tackle before launching international retail chains — going to fashion school. Since Kira Plastinina rather strikes one as the kind of person whose life is the sustained experience of getting what she wants, without regard for talent or even passion, she's expecting acceptance at Parsons in New York and Central St. Martins in London, the Yale and Oxford of fashion design, respectively. [FWD]
• Fiona Ellis, who scouts models for the London agency Independent, thinks Tyra's shorties-only season of America's Next Top Model is dumb. The woman who found Alek Wek and Erin O'Connor, among many others, would know. [Vogue UK]
• Net profits at Versace fell 30.7% in 2008, but it was largely due to the softening of the Euro against the Dollar. Without the hard shift in the rate of exchange, their profits would have grown by 10%. [WWD]
• "Heavy black lines and crisp, grid-like patterns created an Op Art effect in Dries Van Noten's spring collection," says the LA Times. Which is why you should...wear a plaid shirt from Express. [LA Times]
• The top 10 new models of the Fall/Winter 09 show season: 90% white, 10% Japanese, 50% not actually "new." [Style.com]
• Do. Not. Want. Spanx clothing. No, just...no. [Glamour]
• Christian Siriano has picked up one hell of a stockist for his line: Saks Fifth Avenue. The department store will sell his fall collection in a new store-within-a-store for emerging talents. [WWD]
• Iekeliene Stange, the quirky Dutch supermodel/photographer, has an exhibition opening in London this Wednesday, following a successful show in Berlin. [The Horse Hospital]

• Detroit milliner Luke Song has received more than 5,000 orders for the spring (pink! cream!) versions of the Aretha Franklin Presidential Inauguration Hat. The original's going to the Smithsonian. [IHT]

• "Which aging supermodel is planning a fake lesbian romance to get the tabloids interested again in her flagging career?" If it's not Janice Dickinson, we don't care. [BlindGossip]
• Shepherd Fairey, designer of the iconic Obama "hope" poster, is making a limited edition tote for Saks Fifth Avenue. The best part? It's only $20. [LA Times]
• American Apparel has signed a financing agreement with London-based private equity firm Lion Capital. [WWD]
• The jersey-mongers were in danger of defaulting on $16 million of debt. [NY Times]
• Perhaps in response, the company's latest ad bears the weirdly earnest, "American Apparel is ... Jobs." As AdRants describes it, "this crucial message is illustrated by a muscly bald dude who appears to be in the stock room" rather than some barely-legal porn spread. [AdRants]
• Spotted: Katie Holmes in stirrup leggings on the red carpet. Let us speak no more of this. [E]
• Sotheby's London has recreated Versace's incredibly garish Lake Como house for a sale of his equally garish furnishings. [WWD]
• "Versace's sister Donatella writes in Sotheby's publications describing the sale that her brother meticulously picked each item to create a sensual and glamorous environment: a fantasy 19th-century villa built on the water's edge by the eccentric English lover of all things Italian, Lord Charles Currie." [WSJ]
• Said the late designer himself, "The house in Moltrasio is a Proust house, whereas the ones in Milano and Miami are more Batman...It is the house that really belongs to me, reflecting a mirror image of all that I am, for better or worse." [Telegraph]
• Phoebe Philo is rolling out her Celine collection earlier than expected, to the undoubted delight of fashionistas everywhere. [VogueUK]
• The biggest challenges of being a designer, according to Andre Benjamin? "First, he said, being an African-American was a challenge, as there's a perception out there that "hip-hop stars will just throw their names on anything." Then he added, "I'm not a gay man." Says Canadian columnist Shinan Govani: "Basically the OutKast star says his challenges included a) being black, and b) not being gay." [New York Post]
• Andre will either be gratified or pleased, then, that Pharrell Williams is collaborating with Bionic Yarn to produce fabrics made from recycled plastic bottles. [IHT]
• And that the also-vehemently-not-gay Kanye West's Louis Vuitton sneakers are going to sell for like a grand a pop. [Nicekicks.com]
• This European couple is heading the creative aspect of J.Tim's William Rast. "He's sporting the sort of vintage motorcycle jacket that would be a once-in-a-decade find at the Rose Bowl Flea Market, styled with paint-splattered jeans, an Ann Demeulemeester necklace and a bushy beard easily mistaken for the latest in hipster affect, except that he's worn his for two years. She has the look that starlets often attempt, with varying degrees of success: a black peak-lapel blazer, loose T-shirt, leggings and leather ankle boots covered with black fringe. The kicks are from William Rast, though the brand has yet to release its footwear collection." [LA Times]
• "Which model made Karl Lagerfeld so angry at the end of last season that he told her she couldn't walk Chanel ever again, even though she used to walk all of his shows?" [Fashionista]
• We're guessing not Kate Moss, to whom he's apparently joined at the hip. [Fashionologie]
• Eva Longoria's in a Nike ad, for some reason. "It features Eva Longoria, in best Desperate Housewives mode, throwing real life husband Tony Parker's trainers off the balcony of their high rise flat and then his triumph in revenge." Great. [Mirror]

• Freida Pinto looks fantastic on the March cover of Vogue India. [ONTD]

• Stella McCartney and Net-a-porter.com have announced the designer will produce a capsule summer collection exclusively for the e-tailer. [WWD]
• Coco Rocha posted an excerpt from her E! Canada show about New York fashion week to her blog. She goes on a fitting at Michael Kors, and then has an odd conversation with Heidi Klum about pole dancing. [OhSoCoco]
• Mad Men costume designer Janie Bryant shares a favorite designer with Edina Monsoon. She still can't talk about her potential namesake line, however. [The Cut]
• The rumor that Debra Messing and Cameron Diaz dumped Rachel Zoe as a stylist isn't true, say Debra Messing, Cameron Diaz, and Rachel Zoe. Phew. [People]
• Zoe also still styles Anne Hathaway, whose spectacular art deco-looking Oscars dress was Armani Privé. [USA Today]
• And everyone approved of Kate Winslet's Yves Saint Laurent — except, that is, for her daughter Mia, who objected to the fact that it was gray. [Yahoo! News]
• A coda to all this talk of hats coming back (or not) might be provided by an exhibition, curated by milliner Stephen Jones, at the Victoria and Albert Museum in London. Called Hats: An Anthology by Stephen Jones, it was culled from over 7,000 hats in the museum's collection, including the hat Cecil Beaton made for Eliza Doolittle in My Fair Lady, Darth Vader's mask, and, appropriately enough, a bonnet and a top hat from Queen Victoria and Prince Albert, respectively. [Style.com]
• Rodarte's response to the economic situation? Not making pants. "We don't sell our pants anyway," said Kate Mulleavy at a panel in Los Angeles — so as a cost-cutting measure, they didn't even design any for this fall. At the same event, Adriano Goldschmied, who does make pants — jeans that cost $200, to be precise — said in the downturn, luxury will return to its true, dreamy essence. "Even if [customers] can't afford it, at least you give them a dream. A dream, in my opinion, is the engine for our work." Of course, if dreaming is all your customers do, you're in trouble. [WWD]
• Former fashion editor Nonnie Moore died at 87 in Manhattan. Moore, who was the fashion director of Mademoiselle, Harper's Bazaar, and GQ during the 1970s and '80s, was an early promoter of Perry Ellis and Issey Miyake. [NY Times]
• Coach announced plans to cut 10% of its US corporate workforce. [WWD]
• All those 85% off sales over the winter were, unsurprisingly, harbingers of really bad quarterly results: Saks joins Nordstrom and other department stores in reporting sharp declines in sales for the quarter ended January 31. Same-store sales at Saks Fifth Avenue fell 15.3% in the period (in the fourth quarter of 07, same-store sales grew by 9%). All told, the retailer lost $98.75 million dollars during the quarter. [NY Times]
• Speaking of Nordstrom, it's making money — or at least stopping the losses — any way it can. Which includes sneaking up the finance rates on its store cards. And lowering its prices. I'd call that about a draw from the consumer's perspective. [WSJ]
• Someone who's expanding in this market is H&M. The fast fashion chain expects to open its first store in South Korea in the spring of 2010. [WWD]
• Could Tommy Hilfiger's new wife Dee Ocleppo be pregnant? [Page Six]

• Yes, it's fashion week, yes, there are better things to talk about, and yes, we'll get to them after the jump, but first: Toby Keith's clothing line debuted. It's worse than we thought. [TMZ]

• London's fashion week, small but mighty as always, starts today and only runs for four days. It's a strange paradox of British fashion that, while some of the top designers — McQueen, Galliano — are from the UK, and London's Central St. Martins is acknowledged as one of the best fashion schools in the world, London fashion week has never quite managed the automatic prestige of New York's, Milan's, or Paris's (which is, not incidentally, where Galliano and McQueen both show). [Reuters]
• André Leon Talley went nuts for Vera Wang's show in her new downtown store. [The Cut]
• Who invited Julia Allison to Philip Lim? He doesn't make pink clothes. [Observer]
• WWD gets its own loving spoof! Worldwide Womenswear Digest, or WWWD has stories like "THE PARENT TRAP: Bee Shaffer shocked to learn most parents don't have yearly hug limits" and "Diane von Furstenberg Debuts Controversial Spinach Wrap Dress." Awesome. [The Cut]
• Leanne Marshall, who won this show called Project Runway this one time, completed a cross-country move and finished her entire fall collection in a few weeks. She says the only thing that's hard about designing from her Brooklyn apartment is keeping her cat out of her sewing. [People]
• Bravo's replacement for their lost treasure, to be called The Fashion Show, will be hosted by Isaac Mizrahi, Fern Mallis...and Kelly Rowland. [Variety]
• In the front row at Calvin yesterday afternoon, Eva Mendes explains the concept of a fashion show to newbie Kate Beckinsale: "It's a little like going to a museum and seeing a beautiful exhibit, except it's emotion." Did she mean, "in motion"? [WWD]
• SIR — Thank you for your measured post considering the economic value of the fashion industry. I'll resist the temptation to call any of the economists who would argue that "creative innovation that matters is somebody in a lab at MIT coming up with a more efficient battery or solar cell. It is somebody at Stanford coming up with a way to make computers smarter or cancer more preventable. I just can't get excited about some frou-frou fashion designers and the magazines that feature their creations" pointy-headed misogynist assholes (who probably dress poorly and were made fun of for it in high school). [The Economist]
• There is justice! Crocs lost $33 million last quarter. [WWD]
• The three shareholders in De Beers — a mining company, the government of Botswana, and the family of company chairman Nicky Oppenheimer — have together loaned the diamond company $500 million as sales have softened because of the economy. The loan is interest-free for two years. De Beers had record sales in the first three quarters of 2008, but the last quarter was flat, and analysts expect 2009 to be even worse. [Reuters]
• Wholesale prices of US-made apparel rose in the month of January, despite concerns about deflation. [WWD]
• Brazilian designer Alexandre Herchcovitz is able to afford to show in New York partly because of his home country's lavish support of the arts. This season's show cost $170,000, around $70,000 of which came from the Brazilian government. I'm always mystified by the huge numbers some designers give as their budget costs for models — Herchcovitz claims he spent $90,000 on models a year ago — and I have to wonder, are they counting the "cost" of the trade they offer as payment to the girls who work the show? Because as far as I can recall, Herchcovitz is one of the many to "pay" in clothes. Not that giving away clothes isn't a cost to a designer, but I don't think it's unreasonable to recognize that providing some of your product for free is a different class of cost than actual out-of-pocket expenditures. [NY Times]
• Versace is dipping a nervous toe into the turbid waters of internet retail. [WWD]
• And Celine Dion wants you to smell Chic like her this April. [WWD]
• After Victoria Beckham agreed to sell her upscale line of dresses exclusively through Bergdorf's, Saks, which had been among the first to support her dVb by Victoria Beckham denim line, decided to drop the pants. Kitson and Henri Bendel stopped restocking dVb last year because of poor sales. [NY Post]

The Good:
Beyonce rocks retro elan!


Angie Harmon can do simple, 90's-style elegance like nobody's business.


Say what you will about the lady, Gwyneth Paltrow can do 'class act.'


Lisa Rinna usually does aggressively sexy; loving this more demure asymmetrical!


Courteney Cox rocks some curves in simple silver.


As we know, not a fan of the bootie: but I like the eclecticism of Jennifer Meyer's getup.


Lisa Masterson shows you can't go wrong with a classic bombshell halter.


The Bad:
I love a good suit, but Lisa Kudrow's is boxy and unflattering.


Sheryl Crow's girlish shift doesn't suit her: I like to see her a bit more California cool!


I can hardly express how much I dislike Rita Wilson's sloppy-looking aqua sack.

[Images via Getty]

• Designer Oscar de la Renta says Hillary Clinton, whom he's dressing for the Inaugural ball, is "very prudish about the type of clothes she likes to wear." It's a constant battle! [People]

• Fergie's MAC campaign is — how do we put this? —scary. [Oh No They Didn't]
• “Did you know there’s dissent in the Gossip Girl wardrobe closet? The main costume designer is clashing with the other stylists and producers on set because they think he’s making Blake look like a “trashy whore” and they’re convinced he was responsible for her awful Golden Globes dress." [Fashionista]
• Showing a total disregard for celebrity morale, every designer seems to be canceling their fashion week parties. [WWD]
• As the financial crisis hits the luxe market hard, both Elizabeth Arden and Estee Lauder cut their profit views. [Reuters]
• Alexander McQueen and Puma are teaming up for a (tartan?!) sportswear line. [WWD]
• Edina Monsoon, take note: Christian Lacroix is selling his Paris apartment for about $2.6 million. [WSJ]
• If you were panting to see the spawn of Keith Richards, Carly Simon and James Taylor shill for Lucky jeans (us neither), sorry, Charlie, you'll have to go online. [WWD]
• Optimism? Red herring? Either way, Project Runway is on the fashion week schedule, and we want to believe! [Blogging Project Runway]
• Dolce and Gabbana's long-awaited foray into cosemtics happens next month. [WWD]
• Wait for it: Alexander Wang's diffusion line is actually cheap! [New York]
• Jonathan Rhys Meyers, currently ludicrous for Hugo Boss cologne, will be the legs of New Energie jeans. [WWD]
• Stetson, us, wants Obama to wear a fedora to the Inaugural. We can all dream on. [Brand Freak]
• Oy: Saks is laying of 1,100 employees. That's 9% of its workforce. [WWD]
• And yet Uggs, the cockroach of the clothing world, are still doing better than ever! [Telegraph]
• Michael Pitt's doing the short film thin for designer Stefano Pilati. [WWD]
• And in real news, Calvin Klein is wrangling with the preservation board over overhaulin' his Hamptons waterfront home. [Media Bistro]