>> Rumor: LVMH May Sell DKNY, Make Bid On Hermes —Word is that LVMH is shopping around DKNY, with no plans to sell Donna Karan Collection, because it wants to focus on high-end luxury brands with a strong international recognition; DKNY's only response was to state that long-term company policy is to not comment on rumors.  European private investment firms are also buzzing that in addition to dropping DKNY, LVMH may be selling Moet-Hennessy to make a grab for Hermes. [Fashionista, DKNY Twitter]  

>> Is Renee Zellweger's Red Carpet Partnership with Carolina Herrera Over? —Last week, sources told WWD that Mario Grauso, president of Puig Fashion Group who oversees Carolina Herrera, Nina Ricci, and Paco Rabanne, has submitted his resignation and will step down after New York Fashion Week.  The exit is said to be amicable, but it is speculated that he was unhappy with Olivier Theyskens's ousting at Ricci.  Now, a source tells Page Six, Grauso, who introduced Renee Zellweger, Amy Adams, and Reese Witherspoon to Carolina Herrera, may be taking his celebrity followers with him: "None of them will wear Carolina Herrera on the red carpet now that he's gone. Mario paved the way for the brand by putting Renée in Herrera for award shows and carpets. He made it youthful." [WWD, Page Six]

>> Rumors have been swirling around Martin Margiela for almost a year now — but is it all just a ruse put into play by the designer himself?  

First, it was reported last September that he was exiting fashion imminently; by March of this year, despite company execs assuring that the designer was still in place, critics were convinced that Margiela had left the building.  And last week, T posited that Haider Ackermann may be taking Margiela's place.  

But now, Hint reports:

While rumors are brewing that Haider Ackermann may be Martin Margiela's successor, sources close to the elusive Belgian insist that this is one of his elaborate hoaxes. Whatever the case, we hear the incognito king was at the Los Angeles boutique not long ago waiting on unsuspecting costumers.

It sounds like Margiela is still in place at the company if he's waiting on customers at one of his boutiques — so maybe the hoax doesn't just involve the Ackermann rumor, but encompasses the entire supposed exit . . . 

>> Milla Jovovich Marries Over Weekend —No confirmation on Marc Jacobs's secret wedding that was supposed to happen this weekend, but Milla Jovovich and her fiance of six years, director Paul W. S. Anderson, took the plunge in a ceremony at their Beverly Hills home Saturday. Jovovich wore a Temperley London column gown and later changed into a minidress she created with former Jovovich-Hawk design partner Carmen Hawk. [PopSugar, People, Style File]
*image: Flynet