Phoebe Philo has just been named the Creative Director of Celine. Chloé fans are given permission to jump up and down. This apparently signifies that Bernard Arnault cares about all the brands in his stable at LVMH.

Pantone has released its Spring 2009 Colors. It involves fancy names and numbers.

Sephora is adding a little bit of the social media to its website with product reviews.

We also hope that Thom Brown becomes a brand juggernaut of epic proportions.

Fashion Week is getting more and more expensive for designers. Consumers are also buying less. This is a poor combination.

But even if the above suggests that ostentation is not in expensive designer phones are bigger than ever! This only reminds us we had our Black Berry stolen and must face 24 hours before the new one arrives. PANIC.

But apparently we are all partying and living it up at Fashion Week. To which we say REALLY? Don't you have to work?

A classic Fall staple, reinvented by Celine. This four thousand dollar biker jacket is, depending on your perspective, a must-have for Fall. If your budget doesn't warrant such spending, there are always options. But let's talk about the Celine version for a second, shall we? Celine, the French fashion house owned by LVMH, is now headed by Ivana Omazic. Omazic has on her resume stints with Miu Miu, Jil Sander, and Prada which is probably why this brand keeps popping up on our radar. The jacket, with its wide lapel and scrunch-worthy sleeves, is modern enough to separate itself from the classic vintage versions without leaving 'classic' out of the equation entirely. In fact, this piece is something we're sure the owner would wear for seasons to come. So, if there ever were a time to spend such money, and we know the recession doesn't help matters, now would be it. No matter which leather bomber you opt for (some gals forego black all together) the trick, we think, is investing in one you know you'll wear for seasons to come. Staples like these deserve a bit of extra attention.