>> Just a week after Derek Lam dropped hints about wanting to do a high-low collaboration comes the announcement that he's joining forces with eBay for an exclusive ready-to-wear collection, to be unveiled during New York Fashion Week in February 2011.

EBay has teamed with Norma Kamali and Narciso Rodriguez for capsule collections in the past, but Lam's collection brings a new element: after the unveiling, eBay will essentially crowd source which designs to produce by inviting shoppers to vote for their favorites on eBay.com. The favorites will make up the final collection, which will be available for purchase in May at "accessible," fixed price points, exclusively on eBay.

It sounds like the eBay collaboration is just a warm-up for Lam: he's planning an inexpensive line for launch at the end of 2011.

>> Although LVMH continues to reiterate that it has no intention of taking control of Hermes or making a public offer on the brand in the next six months (who knows after that), the luxury conglomerate — which has already acquired 17.1 percent of the house for about $2 billion — informed the French market authority today that it plans to continue to buy Hermes shares, depending on market conditions. [WWD]

>> In celebration of its fifth year collaborating with designers, Target will re-release 34 dresses from 17 past Go International participants — to hit most Target stores and online at Target.com on March 13, 2011.

The Go International Designer Collective line, as its being called, will feature signature dresses from the past Target lines of Luella Bartley, Tara Jarmon, Paul & Joe, Behnaz Sarafpour, Proenza Schouler, Libertine, Alice Temperley, Erin Fetherston, Jovovich-Hawk, Rogan, Richard Chai, Jonathan Saunders, Thakoon, Tracy Feith, Rodarte, Zac Posen, and Tucker. Only Patrick Robinson of Gap declined the opportunity to work with Target again, saying he had other commitments. Images of the collection, which will be in stores through April 10, 2011, are expected to be available in February.

>> Page Six reported this morning that Kelly Cutrone fired her former assistant Andrew Mukamal because after appearing on Bravo's People's Revolution-centric show Kell on Earth, Mukamal, in her words, "cared more about being a TV personality than being my assistant." She added that he was distributing photos of himself in front of the People's Revolution logo, with captions about what he was wearing: "Just because you worked as an assistant in the fashion industry doesn't make you an expert." Mukamal, who has reportedly pitched his own reality show to E!, responded, "No comment." But Cutrone took to her Twitter this afternoon to clarify: "Time to go on record about Tara Palmeri's Page Six item about [Andrew Mukamal] and I - Andrew has not worked at [People's Revolution] since July — I am not upset about his desire to be on TV — I wish him the best — If I wanted to cut ties sharply or in an aggressive manner with Andrew — I would have done so in July not now — Must have been a slow day over at Page Six." [NY Post, @peoplesrev]