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Those stories and more here in our daily news roundup.
  • The Municipality of Florence will award Suzy Menkes the Fiorino d'Oro — an award for contributions to the city — during the upcoming Pitti Uomo men's trade show. [WWD]
  • If rumors are to be believed, Vogue has tapped Beyoncé for its March 2013 cover. [HuffPost Style]
  • Over 100 retailers, including DVF, Helmut Lang, Marc Jacobs, and Tory Burch, are offering postholiday markdowns on select merchandise. [Racked]
  • Many retailers hope their new promotions will make up for a lower-than-expected holiday shopping numbers. [WWD]
  • In related news, Maison Martin Margiela has relaunched its website. [MMM]
  • It's official: Terry Richardson is making a documentary about Lady Gaga. [Fashionista]
  • Phillip Lim's pop-up store in Hong Kong, which opened its doors last week and will stay open for 10 months, is the brand's first temporary space in Asia. [3.1 Phillip Lim]
Photo courtesy of Maison Martin Margiela for H&M.