Bally Loses Its CEO; Target Splits From Ad Agency

Drew Barrymore.

• Bally’s CEO Berndt Hauptkorn has left the company. [WWD]

Target has split from its longtime ad agency Wieden & Kennedy. [AdAge]

Drew Barrymore covers InStyle's February issue, and talks to the magazine about her new engagement. Woo! [InStyle]

• Tommy Hilfiger will move his fall fashion shows to the Park Avenue Armory at 67th Street. [WWD]

During the month of November alone, consumers put $20 billion on their credit cards. [NYP]

At a luncheon for new movie The Artist yesterday, Diane Von Furstenburg said, "Harvey [Weinstein] sometimes asks me to help out with his movies. Especially, it seems, if they are Holocaust or French movies. Apparently that’s my métier.” [WWD]

Cynthia Rowley designed a dress featuring the work of artist Olaf Breuning (whose main muse is the naked human body) for an exclusive collaboration with Colette. [Refinery29]

Here's a kaleidoscopic video of Prabal Gurung's pre-fall collection. [Style]

Counterfeit apparel was the most seized item by federal authorities in 2011. China is the number-one source of counterfeit products and pirated goods, accounting for 62 percent, or $109.9 million of all confiscated items. [WWD]

Women spent $108 billion on apparel in the twelve months leading up to September 2011, plus $22.5 billion on footwear and $5.7 billion on handbags. [Bloomberg]

Lucky's Ray Siegel imagines five designer collaborations that haven't yet come to pass, and perhaps with good reason? [Lucky]

“Tokyo Fashion Week in Italy,” which started yesterday, is a Japanese government–sponsored initiative that will showcase the work of around twenty designers in Florence during Pitti Uomo. Most of the designers are well known in their own country but seek international presence. [WWD]