Madonna and Guy Ritchie settled their divorce. But who cares when she wore that green dress to the Gucci UNICEF party last night? At first, when we saw it, we thought maybe she had dipped herself in 24-karat-real-gold paint and then rolled around in a bunch of shredded money because she's Madonna and she can. But what looks like a dead Fraggle in this picture is actually a fabulous piece of Louis Vuitton from the spring 2009 collection. This all but confirms Madonna is the face of the house's spring 2009 campaign. Wearing Louis to a Gucci event? If we raised our eyebrows even higher, our hairline would eat them. We do hope Madge is styled better in the ads. The dress is fabulous, just not on her, here. We must say, though, her hair and makeup look gorgeous. Who says divorce is bad for the skin?

Related: Madonna and Guy Ritchie Reach Divorce Settlement [Daily Intel]
Is Madonna the Next Face of Louis Vuitton?

FRAGRANCE
• Last night Vivienne Westwood was inducted into the Circle of Champions by the British Fragrance Foundation for her contributions to the fragrance industry. [Beauty Counter/Style.com]

• On the other side of the pond, the New York Fragrance Foundation said they're looking globally for growth opportunities, citing India and China as two examples of growing markets. [Cosmetic News]

MAKEUP
• Poppy King, founder of Lipstick Queen cosmetics, says that she wears very little eye makeup and prefers only lipstick. That's why she's the Lipstick Queen. [Blogdorf Goodman]

• Yves Saint Laurent released a duo-lip-color palette inspired by the Bow bag. It contains a raspberry lipstick and pink lip gloss with a lip brush. [Lipstick Powder N' Paint]

PLASTIC SURGERY
• There's something going on with Jessica Simpson's lips. We can't quite put our finger on it … Actually, we can, but we won't. [Non-Blonde]

In her latest blog post, Times fashion critic Cathy Horyn gets all lovey-dovey over Wal-Mart, professing her longtime love for the big-box store. You never know when the jean shorts are going to go on sale, right? Well, according to her, Wal-Mart's on the up-and-up because of their collaboration with designer Norma Kamali, a line of red, white, and black casual separates that's part of a long-term contract. Oh, you didn't know about it? Not your fault.

Rogan is doing a second Target line based on their ecofriendly Loomstate line. The main Loomstate collection, including organic-cotton blouses for $192 and organic sweaters for $161, is sold at Saks and Barneys Co-Op. The Target diffusion line will go for $14.99 to $44.99. It will launch on April 19 — in time for Earth Day on April 22 — and be available through May 16. Though the first Rogan line launched in Barneys, WWD writes:

Whether Target starts its Loomstate line off at a high-end retailer remains to be seen. These days, Target is stressing its low prices and the “pay less” part of its “Expect More, Pay Less” tag line and may want to distance itself from the haute crowd.

Everyone from Proenza Schouler to Karl Lagerfeld has done diffusion lines for stores like Target or H&M, but most designers don't go back for a second round. Many say doing such lines more than once cheapens their brand. But could Target — whose profits fell 23.8 percent in the third quarter — be trying to do just that by launching a diffusion line with a designer whose wares don't average $700? Are they worried collaborations like the one with Alexander McQueen was too highbrow? Because we thought that was exactly the point.

Target in Deal With Loomstate to Launch Eco-Friendly Line [WWD]

This week rumors emerged that Anna Wintour would leave Vogue when her contract expires soon. We speculated that if that happened, she'd spend her days sculpting her guns in her newly expanded gym in her Mastic Beach mansion. But according to MSNBC, "at least one person* in the magazine industry" had even grander ideas than we did — that she'd accept a "cultural post of some sort" in the Barack Obama White House. A Vogue rep told MSNBC the rumor is completely false and that Anna "won't be working for Obama in any way." But just for fun, can we imagine what it would be like to have A-Dubs in the White House? As, say, the "National Style Adviser" or "Secretary of Chic" who oversaw the Committee of Sartorial Awareness, whose mandate was to methodically rid the nation of things like Crocs, Lauren Conrad's clothing line, leggings, fringed moccasins, and clashing? Obama people: We dare you to make our day.

Anna Wintour: No plans to work for Obama [MSNBC]

*Does that mean if we say we hear she'll join a nunnery in Tibet, MSNBC will devote an entire item to us?

Maybe we're improving at this whole prognosticating thing — we just nailed the Project Runway winner for the first time, and now we were two-thirds correct in our America's Next Top Model predictions. Tomboy boxer McKey bested tomboy mallrat Samantha to snag the title, earning herself a billboard in Times Square and a year of spewing marketing dreck and "inspirational advice" on future cycles of America's Next Top Model. But as usual, it was Miss Tyra who stole the show. Read on for our take on her otherworldly shoulder pads — if you did not notice them, it might be because they gruesomely blinded you — and the rest of the fairly run-of-the-mill finale.

• Leighton Meester is the new face of Reebok. That makes her the second Gossip Girl star after Ed Westwick to star in an ad campaign for sneakers. What — were all the argyle sweaters spoken for? [Insider]

• Hot Topic's profits increased 11.4 percent in the quarter ending November 1 thanks to Halloween and sales of Twilight movie merchandise. [DNR]

• Carla Bruni stopped by the offices of Rolling Stone yesterday to meet with the editorial staff about her upcoming album, leading to speculation that she might be in the running for a cover. [WWD]

• Members Only is launching a denim line. Styles include the hand-ripped vintage-inspired Ripper; the Sharpei, with pleats at the knees and hips; and the white Graffiti with pink and orange accents. [WWD]

• Prada is launching the Prada Link, a leather braceletlike timepiece that also alerts the wearer to Prada phone calls and messages. [WWD]

Late Tuesday night Lifetime dug its boot deeper into the Project Runway legal mess. The network filed a countersuit against the Weinstein Co., NBC Universal, and Bravo demanding exclusive rights over the show. To recap: First, NBC sued the Weinstein Co. for selling the show to Lifetime, then Lifetime filed a motion to move the case from state to federal court, then the Weinstein Co. sued Bravo, and now Lifetime is countersuing all of 'em! It's an orgy of lawsuits, people! We may as well call it Project Lawsuit from now on. Searching for the proper metaphor to describe it is like searching for the proper metaphor to describe the economic crisis. It's like when the person who lives upstairs leaves the bathtub running and forgets about it — at first the paint on the ceiling just bubbles, but then the bubbles grow down the wall, and before you know it, water is gushing into your lighting fixtures and then out of the ceiling like a waterfall, ruining your hardwood floors, making the time it takes to clean it all up that much longer. And then you go to the super and he says he doesn't know when the electrician can come fix your light because it's Thanksgiving and the flooring people are out all week too, and you have no idea when you'll get your apartment back to normal. Ugh! So the moral of the story is, Project Runway shall remain off the air indefinitely, most likely for a very long time. And the economy is still a soggy floorboard.

Counter suit filed over "Project Runway" rights [Reuters]