♦ One of the recession's teeny silver linings: In an unprecedented move, luxury brands like Chanel and Louis Vuitton are cutting prices for US customers. [WSJ]
♦ Supermodels—they're just like us! Helena Christensen braved the crowds in London yesterday to grab a polka-dot Comme des Garçons cardigan from H&M, and proudly wore it out that night. [Grazia]
♦ Does Agyness Deyn care about the fate of fluffy animals or not? On Wednesday, she DJed at the Humane Society's Cool vs. Cruel ceremony with boyfriend Albert Hammond Jr. But she's apparently not averse to wearing fur on the runway or to non-animal rights events. [Fashionologie]

Although what we're about to tell you will come as a huge shock, try to stay calm, and we'll keep our fingers crossed that nothing else so completely unexpected occurs today. Rich, young socialitey-model, Alice Dellal, the face of Agent Provocateur, sometimes snorts cocaine! We know, it's unbelievable. But it gets worse: She allowed herself to be photographed next to a DVD case with the drug actually on it! Does she not realize that the modeling world she inhabits abhors such behavior? Almost as much as it abhors calorie control, cigarettes, and extreme youth.