Karl Lagerfeld used to sleep in a boxing ring. So not surprised. [WWD]
Rumor du jour: Jeffrey Monteiro is heading to Bill Blass. We’re cool with it as long as he keeps designing his own line. [WWD]
It’s not Jason Wu for Target, but Wu’s decision, announced today, to design a capsule collection for TSE is probably [...]

Moises de la Renta, Oscar’s designer son, might be inking a deal with Mango, the Spanish fast fashion brand. The bonus behind the deal? He and his father won’t have to worry about fighting over clients. [WWD]
The New York Times has discovered Rent the Runway, and they’ve visited the office. As you might expect, the [...]

Lady Gaga accepted the Stylemaker Award from Marc Jacobs at last night’s Accessories Council ACE Awards, and her speech won’t soon be forgotten. She called Hedi Slimane “a palm tree” and David LaChapelle “a creature, a liberation, a half lie, a half truth.” Revealing the until-now unknown name of her Haus of Gaga designer, Matthew [...]

With the spectacular view from the 49th floor of 7 World Trade Center as backdrop, Patti Smith wowed her audience at Pratt’s annual Legends scholarship benefit gala last night. The rock icon, who was honored alongside Marc Jacobs and David Rockwell, played four songs, including “Because the Night,” complete with an audience sing-along. Jacobs, who [...]

Marc Jacobs and Lady Gaga will reunite this Monday at the ACE Awards, where Jacobs will present Miss Gaga with this year’s Stylemaker Award. Fingers crossed she’ll come in a Louis Vuitton Afro, which is totally this season’s bunny ears.
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Good news: Your $300 jeans are now $200. But don’t get too crazy in low-triple-digit [...]

Who made our Top Ten list for Spring? Designers with a point of view: Nicolas Ghesquière at Balenciaga, who went back to his haute street roots. Karl Lagerfeld at Chanel, who made fashion fun again, and sent out some fabulously crafty clothes in the process. Celine’s Phoebe Philo, for her fearless new brand of contemporary [...]

Call it optimism or call it escapism, but Spring 2010 is the season of the ruffled party dress: usually short, often chiffon, and almost always nude (we refer to both the color and the prevalence of sheer fabrics). Marc Jacobs—who else?—kicked the trend into high gear with his parade of ballet nymphs in New York. [...]

Mystique in fashion? So last season. Exposure is in (hello, no pants) and exclusivity is out. Tweet, shop, dress, and DIY accordingly. [WWD]Marc Jacobs’ take on fashion’s lack of intrigue? Stop being nostalgic: “It’s just better to accept things for what they are and enjoy them.” [WWD]After Liz Claiborne’s decision to sell exclusively at JCPenney, [...]

As much as we love lists, we also love predictions. Yesterday, Vanity Fair gave us both, releasing its annual New Establishment ranking along with an appendage of on-the-verge comers, the Next Establishment. Along with power elite in finance and technology, etc, there’s a sizeable fashion industry factor. On the first are obvious choices like Bernard [...]

What with both Lady Gaga and Madonna on Saturday Night Live and a corset-crammed Jean Paul Gaultier show, yesterday was quite the moment for innerwear as outerwear. But as our Sarah Mower points out, it was in fact John Galliano who sparked the revival of this old-trend chestnut with his Christian Dior haute-couture show back [...]