• Recession who? Banana Republic opens its first "BR Monogram Collection" store today, where you'll find Banana Republic clothes at 30 to 40 percent higher prices than regular BR stores. We don't know why either. [WWD]
• The fake counterfeit operation Louis Vuitton set up at the Takashi Murakami opening-night party included faux vendors hissing at passersby in fake Chinese and African accents. How politically correct. [NYT]
• Maybe Davis should invite that gift giver over for popcorn and a guilt trip when National Geographic's PBS documentary about the counterfeit industry airs on April 16. [WWD]
• There's some sort of gross love triangle going on with the Olsen twins and Whitney Port. And to think we thought Port was above sloppy thirds. [NYP]
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