Like every other print magazine in the world, Interview continues to have problems.

Earlier this week, Glenn O'Brien, the editorial director in charge of Brant Publications' magazines—Interview, Art in America, and others—left the company. Now O'Brien says the entire company is "going insane."

Polo-playing paper tycoon Peter Brant has had plenty of drama on his plate in recent weeks. His divorce from Stephanie Seymour has only been getting messier by the day. (Last week, the ex-supermodel got into a shoving match with one of Brant's bodyguards at the couple's Greenwich estate; over the weekend, she was issued a summons after another run-in with Brant's staff.) But that isn't the only crisis unfolding in the house of Brant. The convicted felon—Brant served 84 days in prison in 1990 after pleading guilty to tax fraud—is now watching Interview, the art/fashion mag founded by Andy Warhol and which Brant has controlled since the late 1980s, crumble to pieces. And it's all happened under the not-very-watchful eye of the man that Brant appointed to oversee his collection of magazines—his equally scandal-plagued son, Ryan Brant.

• Courtney Love may be incapable of paying her AmEx bill, but that isn't stopping her from launching her own clothing line. Coming soon: "cotton ribbed body suits" and "cashmere harem pants." [Grazia, SW]
• Emma Watson is the new face of Burberry. [Vogue]
• Bee Shaffer may be attending posh parties at the Venice Biennale right now, but she's also job hunting at the moment, in case you weren't aware. Then again, she's also interested in studying acting, so she may just do that instead. [FWD]
• Five months after he was kicked to the curb, Fabien Baron is returning to Interview as the mag's editorial director. [WWD, FWD]
• Now's the time to hit up Save Fashion; the festivities end on Friday. [Pipeline]

Newsprint billionaire Peter Brant has reportedly been firing Interview staff left and right, to cut costs. But he still had $50 million for a new 15-passenger private jet, we're told.

• The Max Azria dress that Angelina Jolie wore to the SAG Awards? She wore it backwards. [NYM]
• Marc Jacobs is slashing the guest list for his Feb. 16th show. [WWD]
• Target has a temporary McQueen shop planned for next month. [Racked]
• The backstory on why Fabien Baron was pushed out at Interview. [WWD]
• Jane Mayle's store isn't closing; it will be around through April. [Pipeline]
• Two brands doing well despite the recession: H&M and Mango. [WWD]
• Aretha Franklin's inauguration hat is Smithsonian-bound. [SW]

Interview magazine parted ways with co-editorial director Fabien Baron just one year after re-hiring him. Baron, who helped relaunch Andy Warhol's title in 1990, may be launching his own publication.

• The star at Jean Paul Gaultier's couture show in Paris this week? Inès de la Fressange, a 51-year-old model and mother of two. [WSJ, SF]
• After six seasons away from Bryant Park, Narciso Rodriguez is returning to the tents this season. [WWD]
• Betsey Johnson says she plans to revive some of her old designs as part of a new line. [Pipeline]
• Sales of luxury goods are expected to fall 3% and 7% this year. [WSJ]
• Five trends from couture week in Paris to keep an eye on. [Pipeline]
• LVMH has confirmed it's helping out Gareth Pugh. [Vogue UK]
• The lookbook for Isaac Mizrahi's Liz Claiborne collection is online. [Racked]
• Fabien Baron is leaving Interview. [WWD]
• A pair of Sarah Palin's shoes sold on Ebay for $2,025. No joke. [NYM]

1) Of the many fashion parties over the weekend, none was bigger than Calvin Klein's 40th anniversary bash on the High Line last night. Among the fresh-from-Bryant Park faces present: Francisco Costa, Kimora Lee Simmons and Djimon Hounsou, Brooke Shields, Lindsay Price, Kim Raver, Eva Mendes, Halle Berry, Naomi Watts, Ellen Pompeo, Molly Sims, Alan Cumming, Aerin Lauder Zinterhofer, Anna Wintour, Bee Shaffer, Bryan Adams, Bijou Phillips, Claire Danes and Hugh Dancy, Fabien Baron, Ashley Olsen, Cynthia Nixon, Carlos Souza, Linda Fargo, Casey Spooner, Erin Fetherston, Ellen von Unwerth, Estelle, Rachel Zoe, Fern Mallis, Glenda Bailey, Jared Leto, Coco Rocha, Esther Canadas, Joy Bryant, John Leguizamo, Jay Manuel, Julia Restoin Roitfeld, Jessica Szohr, Kevin Bacon, Kelly Killoren Bensimon, Leighton Meester, Lydia Hearst, Martha Stewart, Ethan Hawke, Olivia Chantecaille, Padma Lakshmi, Rosario Dawson and Stephanie Seymour. [NYDN, NYO, PMc, GoaG]

• Even though Whitney Port may have the least fake career on The Hills, her alleged PR job at Diane von Furstenberg won't involve actual working, will it? [The Cut]
  

• Mary-Kate Olsen's lawyer said she had nothing to do with the drugs found in Heath Ledger's home or his body. The feds don't seem to be entirely satisfied, though, because they've now planning to get a subpoena to force Mary-Kate to testify. [NYP]

Fabien Baron