• Is the economy having an impact on spring couture season in Paris? No, says Karl Lagerfeld, it's just having an impact "on the conversation." [NYT]
• Other words to live by, courtesy of Mr. Lagerfeld: "Luxury is for the rich, not the nouveau riche." [SF]
• What's something you might be able to afford? Can we interest you in a $14 sundress by Taylor Swift? [NYM]
• Marc Jacobs disciple Peter Copping is in line to succeed Olivier Theyskens at Nina Ricci. [WWD]
• As you probably guessed, the Times didn't out Jason Wu after all. [J'bel]
• Scenes from Stockholm Fashion Week, in case you skipped it. [Pipeline]
• A report from the Japan Fashion Week in NYC show last night. [Pipeline]