
Below: A recap of Fashion's Night Out and the first two days of Fashion Week.More
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• Not to be outdone by Gwyneth Paltrow and her GOOP newsletter, Rachel Zoe is launching a lifestyle e-newsletter of her own tomorrow. [RachelZoe.com]
• Is Kanye West designing a line for the Gap? That's the rumor. [Cut]
• Thom Browne has had a rough time recently, but it looks like that may be all behind him. Japan's Cross Company has taken a stake in his company and plans to help him expand. [Style.com]
• It looks like the fashion set will be dividing its time between the tents in Bryant Park and Milk Studios this coming Fashion Week. [Fashionologie, FWD]
• Gisele Bundchen is lending her voice to a new children's cartoon. She'll play Gigi, "a supermodel by day, environmental superhero by night." [Elle]
• Ready for retailers to start Christmas promotions? No? Too bad! [WSJ]
• Related: Retailers have gone discount-crazy, as you may have noticed. [NYT] More
Over the past couple of weeks, Cityfile correspondent Douglas Marshall has asked a few figures in fashion about their plans for the summer. What Chanel Iman, Fern Mallis, Thom Browne, Minnie Mortimer Gaghan, and Bonnie Morrison had to say below.
Chanel Iman
Model and co-host of MTV's House of Style
Q: What are you doing this summer, Chanel?
A: I'm still trying to decide what I want to do. I just had an amazing vacation in La Jolla, California and it was crazy. It was me and my best friend—I brought her along with me. We went paragliding in the sky and it was so much fun. So I want to do something crazy and wild. Like jump out of a plane or something.
Q: Are you an adrenaline junkie?
A: I guess you could say I'm an adventurist.More
Free Arts NYC hosted its 10th annual art and photography auction last night. Attendees at the Calvin Klein Collection-sponsored event, which was hosted by Kevin Bacon and Michelle Monaghan, included Calvin Klein's Francisco Costa and Italo Zucchelli, Amy Sacco, Glenda Bailey, Julia Restoin Roitfeld, Hilary Rhoda, Ed Westwick, Lindsay Price, Karolina Kurkova, Yvonne Force Villareal, Zani Gugelmann, Kimberly Guilfoyle and Eric Villency, Thom Browne, Molly Sims, Andrew Saffir, Beth Ostrosky, Erin Fetherston, Mary Alice Stephenson, David Granger, Helen Lee Schifter, Glenn O'Brien, Kate Schelter, Richard Chai, Jeremy Kost, Mickey Boardman, Kathryn Neale, Ross Bleckner, Simon de Pury, and Andrew Fry. [PMc, Wireimage, FWD, SF] More
• Mayor Bloomberg has proposed raising the sales tax by half a percentage point. That's certainly not going to do much to help struggling retailers, now is it? [NYDN]
• With a fresh batch of stores and restaurants closing each day, life on the UES has gotten pretty depressing. [NYT]
• A few weeks ago, Thom Browne denied that his fashion company was in trouble. The fact both his CEO and CFO departed the company today certainly doesn't bode well. [WWD]
• A few notables not expected at the Costume Institute Gala on Monday: Karl Lagerfeld, Carine Roitfeld, Matthew Williamson, and Bernard Arnault. [FWD] More

The Four Seasons celebrates its 50th anniversary this spring and Vanity Fair marks the big occasion in the May issue with a "class photo," a collection of "some of the people who have long listed it on expense reports."More
• One of the biggest sources of inspiration for designers in 2009 thus far: mid-20th century space-traveling superheroes. Naturally. [NYT]
• Thom Browne is denying media reports that his line is on the verge of going bust. [NYM]
• Speaking of financial trouble, Marc Ecko seems to be knee-deep in it: He may be forced to turn over his company to creditors if he doesn't fix things fast. [NYP]
• As expected, Fabrizio Freda is taking over for William Lauder as Estée Lauder's CEO. [BN]
• Jason Wu is not doing a reality show, sorry. [Fashionologie]
• Project Runway contestant Kenley Collins says she never assaulted her boyfriend with their cat. She just "plopped him" on the bed. Righto. [NYDN]
• Matthew Williamson's H&M line debuts in less than a month. [Vogue UK]
• Just in time for Easter, Giorgio Armani-branded chocolate eggs! [FWD]
• Interested in a $30 million diamond-encrusted dress? Perhaps not. [NYM]
• Lauren Conrad isn't folding her clothing line. She's just taking a "couple of seasons" off, silly. [SW]
• Topshop gave away free stuff today. [Racked, NYM]
• Jason Wu has yet to meet Michelle Obama in person! Clearly, this outrage must be rectified at once. Get to work, Desirée. [Vogue UK]
• Thom Browne has accumulated so much debt that he may lose control of his own company. [NYP]
• Is Filene's Basement about to go bust? [WWD]
• A law under discussion in Texas and Florida would require minors to get a doctor's note before using a tanning bed. And the Florida provision would ban tanning for anyone under the age of 16. Bastards! [Style.com]
Giorgio Armani celebrated the opening of his new Fifth Avenue flagship last night with a party at the store. The designer was accompanied by his niece Roberta Armani; guests on hand included Leonardo DiCaprio (left), Carine Roitfeld, Victoria Beckham, Martin Scorsese, Michael Bloomberg, Caroline Kennedy, Joel Klein, Cindi Leive, Fern Mallis, Andre Leon Talley, Ricky Martin, Rachel Zoe, Nina Garcia, John Mayer, Mario Testino, Josh Hartnett, Liam Neeson, Richard Meier, Alicia Keys, Chace Crawford, Milla Jovovich, Thom Browne, Kevin Liles, Molly Sims, Mira Sorvino and Christopher Backus, Sally Singer, David Hershkovits, Jim Moore, Hal Rubenstein, Patrick McCarthy, Emile Hirsch, Natalia Vodianova, Zani Gugelmann, Kate Lanphear, Horacio Silva, January Jones, Elsa Pataky, Zoe Saldana, Solange Knowles, Marcus Schenkenberg, and Olivia Palermo. [PMc, Wireimage, Vogue UK, FWD, NYM]More
GQ held its second annual "Best New Menswear Designer in America" competition last night in conjunction witht he CFDA. Finalists like Andre "3000" Benjamin, David Mullen, Alex Carleton, Robert Geller, Sam Shipley, Jeff Halmos, and Yigal Azrouel were joined by guests like Tommy Hilfiger, Fern Mallis (left), Thom Browne, Jim Nelson, Kelly Cutrone, Phillip Lim, Derek Lam, Peter Som, Rory Tahari, Chase Crawford, Steven Kolb, Ally Hilfiger, Fonzworth Bentley, David Chu, Ryan Leslie, David Lauren, Katie Lee Joel, Glenn O'Brien, Steven Alan, Calvin Klein mens creative director Italo Zucchelli, GQ publisher Peter Hunsinger, and last year's winner, Daiki Suzuki. [PMc, NYO, FWD] More
A bevy of models turned out on Wednesday night to celebrate Australian photographer Russell James' new book at the Stephan Weiss studio. Host Donna Karan and guests like Alan Cumming, Desiree Gruber, Ally Hilfiger, Douglas Hannant, Veronica Webb, and Josh Bernstein mingled with models like Alessandra Ambrosio (left), Angela Lindvall, Erin Wasson, Doutzen Kroes, Brooklyn Decker, Noemie Lenoir, Julie Henderson, Zuzana Gregorova, and Oluchi. [PMc, Wireimage, FWD]More

Celebrity Sightings with Martha Stewart | What do you do if you're Martha Stewart and you're having dinner at Morandi and you just happen to spot designer Thom Browne walking down the street? You invite him to sit down have a few drinks, naturally. And, naturally, he immediately accepts. Then you take lots of photos of him so you have something to post on your blog! [Martha Stewart]