• The CFDA is trying to preserve the garment district since 40 percent of its production could disappear over the next few years. The organization hopes Mayor Bloomberg can help them before he leaves office in eighteen months. [WWD]

• The British Fashion Council just announced Christopher Kane, Erdem,
Marios Schwab, and Roksanda Ilincic will receive Fashion Forward sponsorship, which means they'll receive a lot of cash to help put on their runway shows in September. [Diane, A Shaded View on Fashion]

• Hedi Slimane is shooting the cover of the new Japanese Men's Vogue and serving as its muse. [WWD]

• The company that owns Uniqlo's profits rose 26.8 percent over a nine-month period ending May 31. Yowza. [WWD]

• Steven Klein's photo shoot of Daphne Guinness for Italian Vogue is reportedly "scorching and controversial." It was inspired by Tennessee Williams's "The Milk Train Does Not Stop Here Anymore." [NYP]

• Gérard Mulliez, founder of retail giant Auchan, has replaced Bernard Arnault as France's richest man. Bernard's fortune fell to 18.31 billion euros since his LVMH stock dipped in value. Talk about broke. [WWD]

• Valentino Fashion Group just added an entire floor to its New York office space. Don't get too excited now. [WWD]

• Here's a video of Marc Jacobs discussing the Richard Prince collaboration with Louis Vuitton. [British Vogue]

• Temperley is opening a pop-up shop in Ibiza. Party on. [British Vogue]

• Hey men! Don't want to hide your ankles in socks when you wear those high-waters this summer? You don't have to go barefoot and feel uncomfortable — wear short socks that don't show! Call us rocket scientists. [Moment/NYT]

• Miley Cyrus was spotted doing a photo shoot on the beach. Her back was covered by a T-shirt. [Mirror]