At fashion shows the world over, buyers and journalists are sending their regrets. There are fewer million- and billion-aire customers to invite. Time to pack the house with freeloaders and other undesirables!

• Big day for Britney: Her Circus tour kicks off this evening in New Orleans where she'll be wearing elaborate costumes designed by DSquared2. She was also named Candie's new spokesmodel, so she's got that going for her, too. [Vogue UK, SW]
• Barneys is not for sale, or at least that's what the CEO of the retailer's parent company is saying. [WWD]
• Trouble at the Plaza: Half the stores in the basement shopping mall are demanding lower rents. [NYP]
• Poor Dasha Zhukova. Fashion insiders have been laughing about her new job at Pop and now Daphne Guinness says she's having no part in it. [Fashionista]
• A peek at Tracy Feith's new line for Target, which debuts in May. [Racked]
• Reports from the final day of Milan Fashion Week. [NYT, NYT]
• Paris Fashion Week begins tomorrow. But not before fashion's A-list convened for one last party in Milan last night, of course. [Fashionologie]

• More on the clothes and behind-the-scenes drama at Milan Fashion Week. [IHT, Reuters, Telegraph]
• Pop magazine has a new editor: Dasha Zhukova (left), Russian fashion/art "It" girl and girlfriend of billionaire oligarch Roman Abramovich. The new editorial board includes the likes of Julia Restoin Roitfeld and Daphne Guinness. [Guardian]
• Oscar dress knockoffs are headed your way, naturally. [NYP]
• Pamela Anderson, who stars in Vivienne Westwood's new ad campaign, will walk the catwalk for her in Paris next week. [Vogue UK]
• McQueen for Target doesn't appear to be selling all that well. [Racked]
• The woman believed to be the highest-grossing saleswoman in Saks' history is now on trial and is facing up to 25 years in prison. [NYT]
• Anna Wintour smiled in Milan today. Really. [FWD]

• A preview of what's planned for Milan Fashion Week. [Vogue UK]
• Roberto Cavalli isn't the only designer in Milan grappling with the gloomy economy: The parent of Gianfranco Ferré is now bankrupt, and some Italian designers are hoping for a government bailout. [NYT, NYM, Telegraph]
• You won't find too many Americans shopping in Milan these days thanks to the economy and dollar. Ukrainians, however, are everywhere. [IHT]
• What recession? The champagne flowed in London this week. [Fashionista]
• Michelle Obama debuted a new hairdo last night! [NYM]
• Mary-Kate and Ashley Olsen have a new men's line in the works. [WWD]
• Fashion's "10 most controversial obsessions." [Pipeline]

• Moises de la Renta—son of Oscar/ex-Phat Farm intern—is launching a clothing line. It's called MDLR; no points for figuring out what that stands for. [SF]
• Kevin Federline is launching a children's clothing line. He's currently attending a trade show in Las Vegas "in the interest of research," in case you happen to be looking for him. [WWD]
• Jenna Jameson is launching a fragrance. [NYDN]
• Michelle picked Narciso Rodriguez for Barack's speech before Congress. [SF]
• Roberto Cavalli isn't skipping Milan Fashion Week completely. And Victoria Beckham's headed to town, so the week is shaping up nicely. [FWD, WWD]
• A roundup of the worst fashion choices from The City! [Pipeline]

• Diane von Furstenberg had a really lovely Oscar weekend, thanks so much for asking. [DVF]
• Rachel Zoe is denying that clients Cameron Diaz and Debra Messing have abandoned her. "Styling is still her number one priority," a "source" says. [SW]
• Layoffs: Neiman Marcus is cutting 450, Valentino is downsizing its NY office, and there are rumors Coach is trimming staff, too. [WWD, WWD, Racked]
• Thakoon reflects on last week. [NYO]
• Chloe Sevigny's second collection for Opening Ceremony hit London on Sunday evening. [WWD]
• Reports from London Fashion Week as it winds down. [Vogue UK, NYT, AFP]
• The gloomy mood in Bryant Park last week appears to have made its way to Milan: Just Cavalli has cancelled its runway show for Thursday. [NYM]