138321• Saks has agreed to pick up Christian Siriano's fall line. The collection will be sold at the in-store boutique for up-and-coming designers. [NYM]
• Rachel Zoe is launching a budget clothing line. Because she can. [SW]
• Kira Plastinina, the 16-year-old designer and Russian mogul's daughter who watched her company implode recently, is ready for her next challenge. She's going back to school. Possibly to Parsons, in fact! [FWD]
• The company that bought the rights to the Bill Blass name now has plans to revive it and is currently hunting for a creative director. [Fashionista]
• H&M reported its first drop in quarterly profits in more than five years. [BN]
• Not only does Olivia Palermo shop at Strawberry's (or doesn't), she says she shops at the Strand, too. For, like, books and stuff. [Racked]
• The ever-humble Kanye West would now like to be known as Martin Louis The King Jr. The "Louis" refers to Louis Vuitton, obviously. [NYDN]