LESS IS MORE: In another sign of changing times at Versace — namely Donatella Versace’s newfound focus and the appointment of new chief executive officer Giancarlo Di Risio — the designer is trading her traditional dinner-cum-dance party for some 350 celebrities, friends and fashionistas for an intimate dinner on Saturday night — the day of her show — in her luxurious Viale Majno apartment.

VEVERS TO MULBERRY: Two British accessories designers are on the move — rubbing shoulder bags as they go. Mulberry, the British accessories and ready-to-wear label, has appointed LVMH Moët Hennessy Louis Vuitton design consultant Stuart Vevers as its new design director, effective Dec. 1. Vevers will replace Nicholas Knightly, who resigned earlier this month and coincidently — or not — is headed to Louis Vuitton as accessories design director. Louis Vuitton could not be reached for comment. Vevers, who works closely with Marc Jacobs at Louis Vuitton, has a background in luxury leather design with stints at Luella, Calvin Klein, Bottega Veneta and Givenchy under his belt as well as designing his own signature accessories line.

THE KARL SHOW: With television crews five deep jockeying for his attention, Karl Lagerfeld set off a media circus Friday evening when he arrived at Paris’ Georges restaurant to launch his low-cost collaboration with Swedish fashion giant Hennes & Mauritz. “They love Karl,” quipped H&M chief executive Rolf Eriksen. “We love Karl. The designs are great and the quality is fantastic.” The designer — along with Erin Wasson, wearing an outfit by Lagerfeld for H&M — led journalists on a tour of his 30 men’s and women’s designs, displacing the shoulder-to-shoulder crowd with the ease of Moses parting the Red Sea. Meanwhile, fashionistas danced to throbbing disco tunes and guests including Emmanuelle Seigner and Ines de la Fressange sipped champagne on the rooftop terrace. “Karl’s not the first one to design cheap clothes,” stated Fressange. “[French mail-order catalogue] La Redoute has hired designers to do it and [supermarket] Monoprix has done it. But what’s new today is that everyone wears H&M — even the woman who buys Chanel.”

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