Escada Unveils Survival Plan; Jesus Luz Hits the Catwalk

Jesus walks.

• Sarah Palin's favorite label, Escada, plans to raise $39.7 million this year to survive the recession. [WWD]

• Jesus Luz walked in a charity fashion show put on by Jeffrey boutique in New York. Everyone was hoping Madonna would show up, but they enjoyed ogling him anyway. [WWD]

Gisele has reportedly won over $1 million by betting on Italian soccer games. Because she needs the money, okay? [British Vogue]

• New York Ranger Ron Duguay: "One of the smartest things I did in New York was sign up with Elite Models. Not that I wanted to work as a model, I just wanted to meet the ladies." [NYP]

• ALERT: Peaches Geldof's gas has been turned off, since she doesn't pay her bills. [Gawker]