♦ Following reports in July that Tory Burch was offering a 30 percent stake in her hugely successful womenswear and accessories label, she now says that the company is not for sale. Also, she says the economy has had an impact on her designs: "I don't think women want to be over-the-top anymore. They want something that's chic and elegant, but not such a big statement." [WWD]
♦ If you've noticed slightly fewer giraffe-like teens with unplaceable accents on the streets of Manhattan, it's because in a sobering indicator of just how bad things are, Elite has slashed 60 models from its roster. [Fashionista]