Talbots Down $366.5 Million; Michael Jackson Wears Ladies’ Balmain

Michael Jackson in Balmain.

• Talbots lost $366.5 million in the fourth quarter. The company is trying to sell its J. Jill division to ease this pain. [WWD]

Rick Owens just opened a store in London, which boasts a plastic model of the designer's head and gray and white M&Ms with the Rick Owens logo by the cash register. Owens will open a store in Tokyo next and then take a break because he likes "being able to … move things around and fluff the pillows and stuff.” [WWD]

Isaac Mizrahi has a new show on Martha Stewart Living Radio, debuting from 7 to 8 p.m. on Thursday. He will take calls from listeners and dispense fashion advice. [Fashionista]

• Spotted: Michael Jackson wearing a crystal-encrusted zebra Balmain T-shirt from the women's fall 2009 collection. We never realized it, but what a perfect match of man and label. [Grazia]

Chanel Iman is dating rapper Tyga. And yes, she's taller than he is. [Fashionologie]