Mark Badgley and James Mischka on the Rocks?

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Badgley Mischka, Resort 2009 Photo: Imaxtree

In today's rumors, someone who works at Badgley Mischka was overheard saying Mark Badgley and James Mischka, who are also a couple, had "a massive fight" and are "breaking apart into two separate companies." A rep told the Daily News the story was false, and "they're both very happy." But if they were to break up, purely hypothetically speaking, what would that look like? "You get the sequins, I get the Swarovskis." "Fine, but if you get the Swarovskis, I'm taking the beads." [NYDN]