CONTINENTAL SHIFT: It’s been a long and bumpy ride for designer Miguel Adrover, who, despite critical acclaim, has struggled perhaps more poignantly than some of his contemporaries to make his offbeat vision a financial success. Things have only gotten tougher since Adrover lost his financial backing in the wake of the failed experiment in American conglomerate building, Pegasus Apparel Group, which had bought his company as part of a spate of acquisitions in 2000, shortly after Adrover’s debut.

Although Adrover carries on, lack of adequate financing has now forced the designer to close his New York business altogether, with plans to reopen in the coming weeks in his home country of Spain, where he will be partially supported by a government grant to build a new studio. According to a spokeswoman for the designer, Adrover is hoping to find a more receptive audience for his designs in Europe than he experienced in the U.S., where his frequent exploration of Middle Eastern dress and unorthodox approach to brand building has stirred up plenty of controversy, but not enough sales.RED-CARPET RALPH: Fresh off her win for best breakthrough actress from the National Board of Review last week, actress Emmy Rossum is bound to be getting a lot of attention from admiring designers. But for the world premieres of her latest work, “The Phantom of the Opera,” she’ll exclusively be wearing Ralph Lauren.

The 18-year-old actress has become something of a muse to the designer, turning up at his spring fashion show and wearing Lauren to multiple appearances. For the film’s big premiere in London tonight, Lauren created a custom gown for Rossum, a strapless rose petal pink dutchess satin gown with a simple tail. She’ll also wear designs by Lauren — who’s a close friend of “Phantom” director Joel Schumacher — to events in Paris and Munich, and another custom gown is in the works for the New York debut next week. After that, David Lauren is planning an intimate dinner for Rossum to introduce her to the rest of the fashion crowd.

KING COLE: “Tamara is actually wearing Kenneth Cole shoes, but don’t bring it up because she gets mad if you point it out,” said Kenneth Cole of Jimmy Choo president Tamara Mellon during a party in London to celebrate the publication of “Women to Women: Positively Speaking.”Cole sponsored the party, which took place Thursday night at The Orangery at Kensington Palace with guests including Sir Elton John, Bianca Jagger, Sienna Miller, Sam Taylor-Wood, Jasmine Guinness, Christopher Bailey and Tommy Hilfiger, who was in town for the U.K. launch of his H Hilfiger collection.

Mario Testino, another guest, shot the women’s portraits for the book, which is aimed at raising awareness of women living with HIV/AIDS.

Testino, sporting his new golden locks, said he’s definitely having more fun as a blonde, although his IQ has remained the same since he dyed his hair for his 50th birthday. “I figured, why have it for one night? Why not go for it and, inhabit the look?”

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