>> 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]

>> The future of Bill Blass doesn't look so good, but another troubled house may be on the rise: Paco Rabanne.  

The label's ready-to-wear line was closed in 2006, leaving designer Patrick Robinson to take his current position as executive vice president of design for Gap.  Now, Rabanne owners Puig have just appointed a new vice president who is looking into following what Gibo is doing to resuscitate Rochas — licensing out the ready-to-wear.

The plan isn't runway-ready just yet — the new strategy is expected to be under review for up to four months — but Paco Rabanne fragrances have been taking off recently, and expanding into fashion seems the next logical step.  Paolo Melim Andersson, with his love of disk shapes and graphic designs, could be the right man for the job.  
*image: source