• Anna Wintour has earned a spot on Time's "Top 10 Fashion Faux Pas" list. Congrats! [Time]
• Zac Posen is shelving his plan to launch a secondary line "in light of current economic conditions." [WWD]
• Add Betsey Johnson to the list of designers skipping Fashion Week in February. [WSJ]
• Vera Wang isn't cancelling her show; she's moving it from the tents to her Mercer Street store to "convey a more intimate mood." [WWD]
• Miu Miu has "quietly" shuttered its uptown boutique at 831 Madison Avenue. [FWD]
• A list of the top 10 clothing-related crises in history. [VF]
• More Americans say they're planning to make their own Christmas presents this year as opposed to purchase them. Bad news for retailers, good news for those of you hoping for a knitted cell-phone cover. [Reuters]

♦ The Marc Jacobs bribery scandal has finally been resolved. Earlier this year, it was alleged that an employee of the Armory was paid off so that Jacobs' company could secure the venue for runway shows. Now the company has paid $1 million to settle the matter. In happier news, Jacobs says he's eager to make an honest man of his boyfriend Lorenzo Martone: "If I can get him to marry me, I would." [NYP, The Cut]
♦ The Scientologist wears Miu Miu? Katie Holmes is rumored to the new face of Prada's hipper, younger sister. [Fashionologie]
♦ Miuccia Prada's non-sartorial items are diversifying at a dizzying pace: Here's a handy guide to Prada's phones, trinkets, and even cars. [SassyBella]