• Gisele is engaged. [People]
• Fur is back. Jean Paul Gaultier, Karl Lagerfeld and Giorgio Armani are among the designers leading the rebellion. [Ind.]
• Despite the recession (and a gazillion lawsuits), American Apparel is one of the few retailers seeing record profits. [WWD]
• Sass & Bide has dropped out of New York Fashion Week. [Fashionista]
• With marketing budgets on the decline, more designers are looking for a boost from Hollywood's awards season. [WSJ]
• Menswear designer Ferruccio Pozzoni is departing Valentino. [Reuters]
• As expected, vacancies are up on Madison Avenue. [Crain's]
• The worst of the worst from the Stephen Sprouse party last week. [Pipeline]
• Rumor has it Elite is cutting both models and bookers. [NYM]
• Blake Lively refuses to wear anything but a size zero. The solution? The Gossip Girl costume department cuts the tags out of larger samples. [FWD]