LVMH Isn’t Losing Money; Agyness Deyn Lands Love Cover

Jay Lyon

• Yesterday LVMH reported flat net profits for 2008, but a 4 percent increase in fourth-quarter revenues, to $7.01 billion. They plan to open 25 stores this year. Good for them. [WWD]

Hermès said its holiday sales were "robust" and grew everywhere in the fourth quarter except Japan. [WWD]

• Theory President Andrew Rosen was a Madoff victim, along with a slew of other fashion executives. [WWD]

Marc Jacobs's boyfriend, Lorenzo Martone, wore a T-shirt to a party that read, "Do me in the park. Marc." [NYP]

Agyness Deyn landed the cover of the first issue of Katie Grand's Love. []