>> Last night, in honor of two new graduate degrees at Parsons which she helped initiate, Donna Karan sat down with FIT's Valerie Steele for a little chat before a sold-out audience in the school's auditorium. Karan, who has also been a major proponent of updating the fashion schedule, explained how she proposes the changes be made:

It's very simple, we just stop. It is not nuclear science, it's really simple.  We deliver Fall clothes in August like back-to-school, we change the calendar, we go to stores and say, 'Okay, no more getting Fall clothes in July or June so they're on sale in September when the weather hasn't changed. We have to go into a system where we're talking in-season. It's the way we eat, it's the way we dress, it's the way we think. We've conditioned the consumer to buy on sale — I don't want to buy it full price because I can buy it on sale . . . We've turned our business into the white sale business.

"We have to learn restriction »

>> Olivier Theyskens No Longer In Talks with Christopher Burch, Exploring Other Options —There had been speculation that Olivier Theyskens was working with Tory Burch's ex-husband Christopher Burch on a new retail concept, but it sounds like the deal is no longer an option — the talks reportedly ended last month and Burch's company confirmed that they are no longer in discussion. In the meantime, Olivier will be making an appearance in New York next Thursday for the Barneys-hosted launch of his The Other Side of the Picture book with Assouline; he's also said to be in talks with several different unspecified groups about a hopefully impending comeback. [WWD]

The always insightful Fashion Informer catches up with pint-sized Chicago blogger Tavi and chronicles the whirlwind sequence of events—from an 11-year-old Style Rookie to Pop and Love cover girl and that Stephen Jones hat—which controversially landed her square in the middle of the fashion spotlight.

Tavi talks slumber parties and Barbie shopping carts, and we learn how she cried while looking at online images of Rei Kawakubo's Comme des Garçons fall 2009 collection. She loves Bob Dylan and Doc Martens, would buy spring 2010 Miu Miu and a copy of Visionaire if $15,000 magically appeared in her possession, and is adorably self-aware of her name dropping when recalling favorite fashion week memories—Lagerfeld, Galliano, Kawakubo, Mulleavy!

As for the future, she would like to have a band and a magazine, be in movies and act on stage. So it seems this little fashion ubiquity is not going anywhere anytime soon, and we all might as well get used to it. Click here for more from the source.

Source: Getty

Montauk hangout Surf Lodge pops up at Milk Studios during fashion week, serving teas, vapor waters, and Bloody Marys. The wait staff will be outfitted in custom Loomstate apparel.

Olivier Theyskens will not be entering a new retail venture with Christopher Burch, as previously reported.

As fashion week begins and our eyes are bombarded with unattainable bodies, Crystal Renn will be on ABC's Nightline discussing her happier, healthier model story.

When Sandra Bullock wears a gown on the red carpet, it sells. Carey Mulligan not so much.

Giorgio Aramani launches a new digital home for his seven brands, which hosts company news, shopping links, and a new twitter account.

19-year-old Emma Watson is not only the face of Burberry, she's just been named the highest paid actress in Hollywood.