Courtney Love may have worn a counterfeit Chanel to Paris Hilton's birthday party.
And Chanel is pissed. [WWD, 1st item]

Marc Jacobs might answer the prayers of working-class women everywhere and create a clothing line with an affordable price point. [Fashionista]

Zac Posen, who designed Gwyneth Paltrow's Oscar dress, refers to the actress as "the American princess". Please excuse us while we go vomit. [WWD]