• 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]

• Versace CEO Giancarlo di Risio is expected to hand in his resignation tomorrow. He's leaving after reportedly clashing with Donatella Versace "over her lavish lifestyle," not surprisingly. [NYT]
• The second season of The City has started filming inside Elle's offices. [WWD]
• Rosa Cha has launched a line of bathing suits that sell for as much as $3,200 apiece. And you can't even get them wet. But that isn't stopping women from buying them, supposedly. [NYP]
• If that bathing suit sounds appealing, you're probably the sort of person who'd also be interested in buying these $340 Hermès cotton boxer shorts for your husband. [FWD]
• Karl Lagerfeld is hitting the big screen. Or his voice is, at least. He'll be playing a villain in an animated French movie. [Fashionista]

• Mayor Bloomberg has declared Thursday to be "Burberry Day" in honor of the lighting of the Burberry logo atop the company's new HQ at 444 Madison Avenue. [FWD]
• It looks like the Gianni Versace CEO Giancarlo Di Risio will be departing the company after going head to head with Donatella Versace. [WSJ]
• Italian officials have accused Domenico Dolce and Stefano Gabbana of tax evasion, and have threatened the duo with a $1+ billion fine. [Cut]
• You may want to think twice before you try and squeeze into a pair of skinny jeans. They've been known to cause a nerve condition called "meralgia paresthetica," otherwise known as "tingling thigh syndrome." [MSNBC]