♦ The Condé Nast memo concerning budget cuts seems to have failed to make its way to W. Last week Kate Moss arrived in NYC to do a shoot, only to discover it had been canceled and no one had bothered to tell her before she left. So, after stopping to smoke a cigarette outside JFK, she hopped back on another first class flight home, at the cost of $12,000 to the magazine. [Mirror]
♦ The latest casualties of the recession: Holly Dunlap, whose shoe line is no more, Fred Leighton jewelry, which might be going into liquidation, and even, maybe, expensive fashion shows. [NYP, WWD, WWD]
♦ Fashionistas in Moscow are coping with the plunge in the market the way any good Russian would: They're drinking lots of vodka. [stylefile]