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MIAMI, FL - DECEMBER 02:  Lorenzo Martone attends Andy Valmorbida, Jimmy Iovine, And Sean "Diddy" Combs, Celebrate Culo By Mazzucco, Presented By VistaJet at Mr. Chow's on December 2, 2011 in Miami, Florida.  (Photo by Andrew H. Walker/Getty Images for Andy Valmorbida) Lorenzo Martone.

ins and outs

Lorenzo Martone Shutters His Talent Agency

Lorenzo Martone and his business partner Ryan Brown are closing their talent agency, Arc NY, which they founded together in 2009; Martone says their decision to split was mutual and amicable (that line sounds familiar). The agency was best known for signing a number of successful models, most notably Alessandra Ambrosio and Irina Shayk. Anyway, on a positive note, now Martone can focus his energy on even more exciting projects, like his Nycked swimwear line! Goodness knows the world needs more poolside-to-date-night transitional outfits — particularly sparkly ones.

Photo: Andrew H. Walker/2011 Getty Images