Peter Som officially parted ways with Bill Blass, owned by NexCen Brands Inc, and there are horror stories about embroiderers not getting paid to prove it. NexCen scraped Som's Spring 09 runway show, which was when the news leaked that Som would be leaving. 

Today we learned ten reasons why we should be shopping again and, more importantly, that Net-a-Porter is opening an "outlet and sample sale priced sister site" called theoutnet.com. This is bigger than Topshop. 

Moschino celebrates their 25th and Rossella Jardini, the low-profile Creative Director behind the brand, talks about her approach to fashion. Moschino; known for its playful style, and Jardini; who is not impressed with the so-called glamorous life, are a match made in heaven. Unless you call luxury price points glamorous. 

Karl Lagerfeld sounds off at the FGI Night of Stars and there are bullet points to prove it. Check out excerpts from his speech here and a photo gallery from the event here.

Last night Fashion Group International called out great names from the fashion, architecture, beauty, and entertainment world--these individuals were celebrated for their contributions to our culture and called, 'The Alchemists' for their abilities in their chosen field. Among those individuals celebrated were, Francisco Costa, Christopher Bailey, Carla Sozzani, Franca Sozzani, and Christian Louboutin for fashion, Bobbi Brown for beauty, Phillipe Stark for architecture, Natalie Massenet from Net-a-Porter for corporate leadership, Harvey Weinstein for entertainment, Bill Mccomb from Liz Claiborne Foundation for humanitarianism, Harold Koda from the Fashion Institute for the Oracle Award, and John Paul de Joria from Paul Mitchell for sustainability. Check out our gallery below for pictures from the event. (Plus, look how happy Karl and Anna are together).