Those stories and more in our daily news roundup.
- The company that owns Valentino is selling the Italian fashion house, and the royal family of Qatar is rumored to be the frontrunner in the bidding war. Not true, says Valentino CEO Stefano Sassi. "As previously stated, Valentino has seen increasing interest from a number of potential buyers." [Elle UK]
- Sophie Theallet won the US division of the International Woolmark Prize, which honors emerging talent in fashion design. The prize money totals $100,000, and Theallet could win another $100,000 when she competes with other regional winners from around the world in February. [The Cut]
- Chloe Moretz has been named the newest brand ambassador for Aéropostale. [Styleite]
- Paper editorial director Mickey Boardman says that if he were a rapper, then his name would be Chunky D. [Fashionista]
- Lulu Kennedy may have helped start the careers of Gareth Pugh, Roksanda Ilincic, and Jonathan Saunders through her Fashion East initiative, but she would like to clarify that she's not a genie. "I can't grant them wishes," she says of the designers she works with. "They make things happen. They've got to put the work in." [The Guardian]
- Karl Lagerfeld's masstige line Karl will be available at Selfridges by the end of the month. [Vogue UK]
- The Museum at FIT has relaunched its online platform, the Museum at FIT Online Collections, which allows users to digitally view some 600 pieces in the museum's possession. [UnBeige]