Town & Country

All the bits fit to print here, in our daily news roundup.

• The invitation for Chanel's Spring 2013 Haute Couture show features a leaf sporting the brand's signature interlocking C's. [Fashionologie Inbox]
  

• Sarah Burton has announced that she is expecting twins. Because she will soon be on maternity leave, Alexander McQueen will do a presentation in lieu of its Fall 2013 runway show. [InStyle]
  

• Target's next big partnership is with a stylist, not a designer. Kate Young's capsule of semiformal and special-occasion dresses hits stores this April. [FabSugar]
  

• Amanda Hearst is leaving her post as the sustainable fashion editor of Marie Claire to be the special projects editor of Town & Country. [Twitter user AmandaHearst]
  

• Watch out, Bernard Arnault: Karlie Kloss may be the next business tycoon. "[Going to] Harvard at some point is in the plan, but all in good time," she says. "Tyra [Banks] did it. She went to Harvard Business School, and I can do it too." [Vogue UK]
  

• Jourdan Dunn has moved from London to New York City. [My Daily]
  

• The English National Ballet has tapped Vivienne Westwood to produce the Ballet's New Year campaign. [Telegraph]
  

• The first shot from David Beckham's latest H&M Bodywear advertising campaign has arrived. [Racked]
  

>> With the influx of one Vogue alum at Town & Country — former style director Alexandra Kotur, who recently joined the magazine as creative director — out goes another. Billy Norwich, who left Vogue to join T&C a year ago as special correspondent, has exited his position in the wake of the Town & Country's January editor-in-chief changeover.

Norwich was told he would now be working exclusively as a writer by new editor Jay Fielden, who added, "We thank Billy for his contributions to the magazine during his tenure and look forward to publishing his freelance work if the opportunity presents itself.” Norwich for his part, noted, “Alas, there isn’t a web site yet to satisfy the urge to write more in real time so I think it is really time for me to do something out of the box."

Speaking of Kotur, her successor at Vogue has been named. 25-year-old Chloe Malle (left), daughter of Candice Bergen and the late French film director Louis Malle, will take the title of social editor. Malle previously spent a year as the residential real estate columnist at The New York Observer and has been freelancing for The New York Times for the past six months.

This morning the Spring 2009 Miu Miu ad campaign featuring Katie Holmes was revealed. Vogue UK called it "positively feline" and we can't say we disagree. 

Peter Som talks to the press about the difficulty of staying afloat in a recession and his openness to try new things in order to make it through the worst. Not surprisingly, that includes a diffusion line for a mass retailer. 

It has been announced that Valentino Garavani and business partner Giancario Giammetti will pay a fine of 33 million euros for tax evasion.

In a recent interivew with Town & Country Diane Von Furstenberg talks about her unconventional living arrangements with husband Barry Diller