Giorgio Armani's favorite part of the new Costume Institute exhibit is Gareth Pugh's dress, Victoria Beckham shared an awkward four-way hug on the red carpet at the Met gala last night, and Stacey Bendet is preggers!
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.
You know what? We're just going to go ahead and say it: Clearly some Europeans are hinting at war with Vogue editor Anna Wintour. Yesterday we learned Giorgio Armani said he was "indifferent" to her Bobness while he was standing onstage right next to her during a press conference for the Costume Institute Gala's "Superheroes" exhibit.
This morning in Milan, the Met's Costume Institute held a press conference on its upcoming … oh, whatever, doesn't matter, it's something about superheroes. What matters is that Her Vogueness Anna Wintour attended, wearing the bright little Prada number pictured above. Cute, but is that not the exact same Prada dress she wore twice in weeks past at Armani Privé and Peter Som? Why, yes, yes, it is. If it works for Anna, then we suppose Anna can work it all she wants.
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]
California legal secretary Colleen Delee took a break from shopping on Rodeo Drive to wear her Fendi fur in New York, where it’s actually cold enough for animal skins. But is that the only difference between New York and Los Angeles? Of course not. Delee shares her insights (and her recommendations on custom shoes) in this week’s Video Look Book.
Video Look Book: Colleen Delee
As the year closes, we're pondering our future in New York City. Here we sit, in our once unassuming Brooklyn coffee shop, which has recently begun being frequented by Keri Russell from Felicity and the guy from Basquiat. As we watch them talking shop over their laptops, we are, once again, getting the creeping feeling that soon, we're going to be priced out of our neighborhood by celebrities. But can we really blame them? As Hilary Swank said recently, real-estate prices "have just skyrocketed!"; and even the celebrities themselves have been displaced Manhattan by the bankers. (Have you been to the West Village lately? Salman Rushdie and Julian Schnabel are like the last old hippies there. Other than that it's like fucking Logan's Run, all buff young dudes from UBS.) But according to Jim Cramer in yesterday's Times, it's the foreign buyers, those wielders of yuan and dirham, who are going to own New York City in the future. "The rest of us can live in Schenectady or Plattsburgh," he wrote. "We can come here on the weekends and stay at a nice hotel in Astoria." But not Suze Orman! This past weekend, Savings Diva Suze did not have nightmares about the credit-card bills she was going to receive after overextending herself on Christmas. This past weekend, the Observer tells us, she closed on an apartment at the Plaza. An apartment with "100-year-old mosaic tile patterns in the bathroom, walnut-bordered herringbone parquet in the living room" which she paid for in … cash. $3,610,886 and 34 cents, to be exact. There you have it. Suze Orman will outlast us all. Because only she has the Courage to be Rich.
The World of Tomorrow [NYT]
TV's Finance Maharishi, Buys $3.6 M. Plaza Spread [NYO]