Italian dynamic duo Dolce and Gabbana owes money to the man. Or should we say l'uomo. According to Italian newsweekly L'Espresso, the fashion house was fined $3 million for tax evasion after a third-party distributor resold more than 100,000 items off the books. But the Batman and Robin of fashion still have enough money to buy a monastery, WWD reports.
Roger Clemens's friendship with the black sheep of the Bush family, Sharon Bush, may cost him a pardon from George W. if he is convicted of perjury. Both HarperCollins and Random House are set to come out with books about George Steinbrenner. A "Page Six" spy thinks Howard Stern's fiancée, Beth Ostrosky, wants to have a baby because she, uh, stopped to say hello to one. Will Ferrell and Tom Brokaw did an onstage bit together at Radio City Music Hall on Sunday for Ferrell's Funny or Die tour. The New Yorker reveals that the late Bishop Paul Moore was a closeted homosexual. Tracy Westmoreland, owner of erstwhile dive bar Siberia, may play a bouncer in a movie called The Bouncer.
• The inane glories of the red carpet: Atonement's 13-year-old Saoirse Ronan doesn't care what people think about her outfit, George Clooney's date seemed restless, and Steve Carell claimed to wear $14,000 Spanx. [WP]
• Most Oscar dresses were boring and many red-carpet walkers' "behavior could have used a little refinement," like Jessica Alba who chewed gum the whole walk down. [WWD]
Are you the kind of person who hears the words "economy" or "emerging markets" and immediately thinks, Economy eshmonomy, emerging markets cookie whatever? If so, and you care about fashion, now is the time to change your tune. The economy does indeed affect what you wear (crap), because designers create their wares based on what you're in a position to buy.
• Dolce & Gabbana showed "anti-party" clothes, which was especially ironic since Lindsay Lohan was in the front row. Also, because pelts alone are never enough, Karl Lagerfeld puts real gold in his Fendi furs.
Nobody knows how to burn bridges like a fashion designer on the way out. Valentino, the Italian womenswear legend who retires this month after 45 years in the industry, decided to go right for the toiles in an interview with reporters this week. "I certainly won't miss the fashion world. It's ruined! Everybody's doing the same things. What's missing is challenge, creativity, cheerfulness. These days it's all about numbers! To continue working in an environment which says nothing in particular to me would be a bore," he sniffed. "This environment is no longer stimulating." In case that criticism wasn't specific enough for you, the 77-year-old took aim at some of his longtime colleagues in the industry.
On Miuccia Prada: "[She] knows what she wants … even if we don't share ideas about clothes."
On Giorgio Armani: "In the course of 40 years, he has created a great style — but vulgar."
On Domenico Dolce and Stefano Gabbana: "[They were] shy at the beginning — now arrogant."
On Donatella Versace: "[Her brother] Gianni's talent was unique — but what grit she has!"
Valentino will be replaced at his eponymous company by former Gucci designer Alessandra Facchinetti as the company tries to expand. Asked about her talent, Valentino turned generous. "I've met her," he said. "She's pretty."
Valentino takes parting shot at 'ruined' industry [London Independent]
When New York ran into Sarah Polley the other night at the Film Critics Choice Awards, we asked the Away From Her director if she'd ever confronted a critic who had given her a bad review. "Yeah, I have," she laughed. "He came to a press lunch for a film that I knew he hated, because there was really good free food, and it was in Cannes. He was kind of famous for doing that. And so I sort of confronted him on how much food he had on his plate; not necessarily about the review, but just how gluttonous he was." How did he react? "He was pretty good-natured about it," she said. "We actually ended up becoming friends." Oh, yeah? So who was it? She wouldn't say. We tried another tactic: Was the film one she directed or one she was in? "It was a film I was in," she said, before floating off in that ethereal way she has. And so we put the question to you, dear readers. Who was the freeloading film critic shamed by Sarah Polley? To help you guess, after the jump, we've compiled some choice lines from reviewers who haven't exactly fallen at her feet.
The folks at PETA are really outdoing themselves this year. First, there were the Hairy Kate and Trashley dolls. Now, they've reverted to their old standby, Anna Wintour, whom they've stuck in a snow globe this holiday season — you know, so you can "shake some sense into her." Inside the virtual globe, fearsome opera plays as Anna drifts through a fiery netherworld inhabited by workers in Karl Lagerfeld glasses whose job, it seems, is to skin shrieking animals and toss their carcasses into a massive pile for "pelt pusher" Anna's future coats. It's creepy, of course, but it's still kind of fun to shake the globe and watch "Anna" bounce around in the snow. Until you realize that, whenever she falls, her neck bends at a disturbing angle.
PETA's Holiday Snow Globe [PETA]
“Life fades vision dims and all that remains is memory.” Such are the haunting first words of The Road Warrior, and we can’t help but think of them as we look back, through heavy lids, at the year that was. 2007 was a memorable restaurant year in so many ways, but there are a few that stick out in our minds. Our favorite moments of the last year would definitely have to include:
• Bear Stearns followed up yesterday's Morgan Stanley announcement with its own $850 million loss, again the first quarterly deficit in the bank's history. [DealBook/NYT]
• Is former Bear Stearns exec Ralph Cioffi, the guy behind the two Bear funds that imploded this summer, the main culprit in the subprime crisis? New reporting suggests his team set off the plague of dirty debt that cost Citi and other top banks billions. Oh, and Cioffi's under investigation for pulling out a couple mil before anyone else got the chance. [Business Week]
• What a mensch: David Rubenstein, the former lawyer turned Citadel private-equity master, decided to keep his new copy of the Magna Carta on display at the National Archives. Rubenstein paid $21.3 million — chump change for a guy worth around $2.5 billion. [Law Blog/WSJ]