• Yves Saint Laurent CEO Valérie Hermann is leaving to become president and chief executive officer at Reed Krakoff. Hermann said, “The possibility of building a new international luxury brand with such tremendous potential comes very rarely.” [WWD]

• Vogue UK]

• Sean Avery didn’t catch any shows at Lincoln Center this season. “I'm watching them on Style.com. It's easier to stay at home and not deal with the craziness.” [Page Six/NYP]

• When asked if she’s ever walked a runway, Joan Rivers replied, “I did already, for Overeaters Anonymous, and Mothers-without-Spanx.” [WWD]

• StyleList]

• Kate Spade’s sales shot up 30.5 percent last year, making it an important player in Liz Claiborne’s stable of brands. [WWD]

• Paulina Porizkova: “[Esté:e Lauder] hired me despite my outspoken reputation in the press, probably hoping a nice paycheck would check my personality. After all, I looked right. But instead of turning into the lady I appeared to be, I just modified my beauty advice from 'Sex and Water' to 'Sex and Water and Estée Lauder.' I don't think they were amused. I couldn't have cared less." [HuffPo]