Magnus Berger and Tenzin Wild's The Last Magazine threw a party last night to celebrate its second issue and the end of Fashion Week. Guests included Alexander Wang, Phillip Lim, Richard Chai, Michael Stipe, Gabi Asfour, Byrdie Bell, Vladimir Restoin-Roitfeld, Zoe Kravitz, Daisy Lowe, Stavros Niarchos, Natasha Poly, Derek Blasberg, Julia Stegner, designer Robert Geller, PC Valmorbida, Justin Portman, and Jamie Burke. [PMc, Wireimage, GoaG, SF]

• Giorgio Armani is moving ahead with his massive Fifth Avenue flagship, which he says will open on February 18th: "New York needs glamour. It needs size. This store is an act of faith toward the Americans and Fifth Avenue shoppers." [Racked]
• Alice Temperley is the latest designer to announce she's skipping a Fashion Week runway show. [WSJ]
• Tommy Hilfiger, however, is moving to the tents this year, and Max Azria says his three shows will go ahead as planned. [WWD, WSJ]
• Pamela Anderson is the newest model for Vivienne Westwood. [R29]
• Agy Deyn appears in a new, T-sponsored movie. [Fashionista]
• Donna Karan has cancelled her Christmas party. [WWD]
• What it's like to shop at Bergdorf as the wife of a Russian gazillionaire. [NYT]