>> Just days after her latest Emporio Armani underwear ad came out, Victoria Beckham has decided not to renew her one-year contract — which was announced at the end of last October — in order to focus on her own fashion and beauty lines.  In fact, in early September, she will be back at New York Fashion Week to show her Victoria Beckham Collection, which Roland Mouret has helped her with in the past.

So who's going to fill the spot she just left for Armani underwear?  Elle creative director Joe Zee reports: "LA is buzzing that Megan Fox is signed to replace her."  Fox would make sense; she did just attend the Armani Prive couture show at the beginning of July.