Hermès and luxury yacht-maker (is there any other kind?) Wally have dissolved their partnership, so no more Hermès yachts. To the two people on earth this actually affects, our condolences. [WWD]Items from Christian Lacroix’s last collection for Jean Patou (Spring 1987) went on the auction block in Paris and raised a total of about $226,000, [...]

What is modern gentry? The short answer to that question is: The Modern Gentry is a pop-up shop that opened on Monday in London, at one end of Savile Row. Lodger, maker of bespoke footwear, tailors E. Tautz, and jewelry designer Hannah Martin have come together to open a three-story boutique retailing their ultra-high-end menswear [...]

Brad and Angie are designing jewel-encrusted snakes for Asprey. Re: choice of symbol: Jen is so not surprised. [WWD]
Intrigued by the Hollywood Hills Burglars, a.k.a. the Burglar Bunch, a.k.a. the Bling Ring? The L.A. teens accused of robbing starlets from Paris Hilton to Rachel Bilson are facing trial. Paramount is optioning screenplays now. [NYT]
The Daily [...]

Karlie Kloss is Dior’s new face, a tidbit John Galliano offered up when he was late for his own party in Paris on Monday night. We guess casting the Spring campaign is as good an excuse as any. [WWD]At Ann Taylor, Cintra Wilson finds Lanvin’s first cousin, Balenciaga’s love child, and a Louis Vuitton castoff. [...]

It’s been a slow month party-wise in New York City. Maybe that’s why a few members of the social set pulled out floor-grazing frocks for the Cinema Society’s Inglourious Basterds screening and Standard Hotel after-party last night (click here for a slideshow). We say it’s never a good idea to outshine the guests of honor, [...]

Diane Kruger has been working the red carpet for a solid three months in support of Quentin Tarantino’s Inglourious Basterds. Angelina Jolie, whose husband, Brad Pitt, plays the lead, shows up for only the big-ticket events—Cannes in May and L.A. yesterday at the film’s West Coast premiere. Their choices last night were another interesting study [...]

Tilda Swinton + Ryan McGinley + Pringle of Scotland = Most unexpected campaign collaboration ever. Since McGinley basically only shoots models without their tops on, the chance of Swinton showing some skin, while unlikely, is not improbable. [Vogue U.K.]France’s trouble with jewelry heists shows no signs of abating. Yesterday, three men in Hawaiian shirts hit [...]

Attention Upper West Siders, Angie and Brad could be your new neighbors. The couple and their brood are reportedly co-op shopping, and while we’ve always pegged AJ as more of a Lower East Side kind of gal (more tattoo parlors), we guess this move befits Hollywood royalty. [NY Daily News]
Is Kate Moss Sir Philip [...]

Nina Ricci for $50? It’s true. Get thee to Paris.
“>[WWD]
The other Ricci—Christina—is reportedly un-engaged from her super-tall comedian boyfriend, Owen Benjamin. [People]
Oprah relinquishes her Most Powerful Celebrity in the World crown to this year’s Forbes list topper, Angelina Jolie. Apparently Kung Fu Panda was better than we thought. [OMG Yahoo]
Kate Moss is decidedly not [...]

Rumors of a Brangelina feud were doused last night when the couple got all lovey-dovey at the Inglourious Basterds after-party in Cannes. They were also spotted totally making out the night before, so all you haters can quit it.
/”>[The Daily Mail]
Style.com’s Sarah Mower has been named the British Fashion Council’s first Ambassador for Emerging [...]