The number of times we've typed the brand name 'Bill Blass' with zero intention to discuss clothing kind of annoys us. Alas, there is news to be reported! The company has sold to Peacock International Holdings LLC for 15 million dollars less than NexCen Brands hoped for. Ouch. The shell of Bill Blass will presumably sit in the offices of Peacock until the dress shirt and neckwear company figures out what to do with the thing. Or so it is suggested. We say, good idea! Let the economy strengthen and then do what Americans do best and reinvent yourself!

In other news...Beyonce gives Pugh's creations a home for the holidays. See his Spring 2009 collection right here. 

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.