DELLA VALLE STEPS DOWN: Diego Della Valle is not afraid of speaking his mind, as he did six years ago when he publicly challenged Italy’s Prime Minister Silvio Berlusconi over one of Italy’s main newspapers, Corriere della Sera. Now Della Valle, chairman and chief executive officer of Tod’s SpA, who has personal investments that include, among others, RCS MediaGroup, which owns Corriere della Sera, and sits on the board of giant insurer Assicurazioni Generali SpA, has initiated a shake-up of Italy’s financial world, a tightly knit clique, established and consolidated over the years.

Earlier this month, Della Valle suggested the board of Generali sell its shares in RCS to focus on its core business, in a controversy with Generali president Cesare Geronzi. On Monday, Leonardo Del Vecchio, chairman of Luxottica Group SpA, resigned from the board of Generali, also in disaccord with Geronzi, according to sources.

This story first appeared in the February 23, 2011 issue of WWD. Subscribe Today.

ANOTHER WORLD: Down a seedy back alleyway in London’s Soho Monday night, Kate Moss and Tilda Swinton co-hosted Another Magazine’s very private 10th anniversary party. Held at The Box nightclub, a recent import from New York, the space was filled with flickering candles, coat check attendants dressed in lingerie and Honey Ryder cocktails.

“Probably the last thing I need is to be at another party, considering I was up till all hours with my own last night,” said Alice Temperley. “But after this, it’s time for a holiday.”

Daphne Guinness, elegant in full-length gold lamé, was perched on the back of a booth for a bird’s-eye view of the stage, while Moss used her white fur stole as a dancing accessory. Mark Ronson got the room bouncing with a rousing DJ set, and sexy stage performers upped the ante with acts that included gravity-defying rope routines and a louche strip tease. Guests including Damian Hirst, Ronnie Wood, Kirsten Dunst and Beth Ditto kept things going until the early hours.

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