>> See Zoe Saldana's Calvin Klein Underwear Commercial —While Joe Zee, who started filming his new show this week, is taking a stab at Emmys red carpet reporting on Extra, E! got dibs on breaking Zoe Saldana's new Calvin Klein Underwear commercial — she joined the brand as a face last month — pre-Emmy Awards Sunday night. A preview of the video, which Saldana ends suggestively, in true CK form, with the words, "Calvin . . . or nothing at all," below — and more are available on nothingtohide.com and cku.com. [Fashionista, WWD]

The video! »

>> Pierre-Yves Roussel, CEO of LVMH's fashion division, has been spotted sitting in Rodarte's front row every season as far back as February 2009. At the most recent show in February, he would only say of his presence: “We still love what they do.”

Now comes word that LVMH and Laura and Kate Mulleavy have held on-and-off discussions about an acquisition since Spring. The talks have reportedly recently trailed off, with no deal currently in the works, and neither party was available for comment.

Rodarte does tend to be more about buzz than strong financial incentives: the brand reportedly has estimated annual revenues of less than $2 million and is incurring losses.

>> Sally Singer's First T Issue to Hit in December —Sally Singer is rounding out her fashion department with a number of former Vogue staffers, who also happen to have famous last names, in true Vogue tradition: Sara Moonves, daughter of CBS chief executive Les Moonves and former assistant to Vogue executive fashion editor Phyllis Posnick, and Vanessa Traina, daughter of Danielle Steel who has assisted Vogue contributing editor Marie Amelie Sauve, have both been hired as freelance fashion editors. Ethel Park, associate fashion editor at Vogue and longtime assistant to Tonne Goodman, is joining T as senior fashion editor on Aug. 30. “They see the link between fashion and the larger question of what’s relevant in our culture,” Singer said of her recruits. “They’re also quite connected with the generation of emerging designers, not only in the States, but abroad, as well.” Singer added that her first issue of T will be the Holiday issue, out Dec. 5. [WWD]

>> Instead of shuttering Style.com, as many speculated would happen after Vogue.com's big relaunch — which comes right after Labor Day — Drew Schutte, SVP and chief revenue officer for Conde Nast Digital, is ready for the two to take over the web together: “In my mind, why not have two of the leading brands in the online space? There’s lots of competition coming up, so instead of letting someone else become the number-two competitor, I’d like to make one ourselves and have the number one and two in the space.”

Style.com was once the online home of both W and Vogue, but all three are now entirely separate — no pooling of resources. Style.com will send its own reviewers (Tim Blanks, Nicole Phelps, Meenal Mistry) to the upcoming fashion shows, as will Vogue.com (Jessica Kerwin, former Style contributor Sarah Mower, as well as Vogue senior staffers Mark Holgate, Hamish Bowles, and others).

There's good reason to keep Style around »

>> Tiffany Launches Handbag Line by Lambertson Truex Designers —Women are more likely to splurge on a bag for themselves than a piece of jewelry, so in response, Tiffany is launching an extensive line of handbags, ranging from $395 for a small suede tote to $17,500 for a large crocodile bag, in a dozen of its US stores Sept. 1 (the collection is already online here). The designers of the bags are Richard Lambertson and John Truex, who designed under the Lambertson Truex label for a decade until the recession drove them to bankruptcy court in Spring 2009; Tiffany subsequently bought the trademark and hired the designers. Each bag carries some element of Tiffany's signature blue, whether it be on the clasp, the color of the lining, or the entire bag. [WSJ]

>> It's a good time to be a Chinese model.  Particularly when it comes to cosmetics contracts, widely considered the bread and butter of the modeling world. Shortly after Estee Lauder tapped Chinese model Liu Wen — the brand's first Asian face — earlier this year, Lauder global brand president Jane Hertzmark Hudis acknowledged: “China is our fastest-growing market. What better way to honor that than to hire a native of the country?” And Aerin Lauder, SVP and creative director, added: “We’re doing very well in Asia, and we’re No. 1 in China. So Liu Wen sends the perfect message at the perfect time.”

Now Maybelline is jumping on the idea »

>> Rag & Bone Team Up With RJ Cutler For Short Documentary —The September Issue director RJ Cutler was working with Grace Coddington on an animated film earlier this year, and although there have been no updates on that effort, Cutler does have another new fashion project debuting soon: He filmed Rag & Bone's Marcus Wainwright and David Neville as they readied for their Fall 2010 show. The short documentary capturing their preparations will screen on Sept. 8 at New York's Crosby Hotel and will be followed by a Q & A session with Cutler. For those who can't make it, the film can be viewed post-screening at rag-bone.com. [WWD]

>> Watch the First Two of Love's 14 Original iPad Videos —In honor of its new iPad app — out on the iTunes store any day now — Love put together 14 original fashion films. The first two have appeared — below, Elle Macpherson shaking it as a '60s sweater girl, styled by Katie Grand and filmed by Sharif Hamza, and another of model Abbey Clancy, captured by Alasdair McLellan with a voiceover of things that she loves, can be seen here. Love plans to release one of the films on its website every week. [Style File]

The video! »