Olivia Palermo wore a bikini yesterday to hang out on a yacht docked near Formentera in Spain. She's been off in Europe enjoying a break from her usual routine in NYC. At the beginning of July, Olivia saw a Valentino show in Rome. Next, it was time to travel to Verona, Italy, with her German-born boyfriend, Johannes Huebl, to see a presentation from the lingerie line Intimissimi. She then jetted to Spain, where she's been hanging out for the last week with Johannes. There may be some work involved for Olivia soon. She was recently unveiled in a new round of ads for the Spanish jewelry company Carrera y Carrera.