ELuxury, the e-commerce site owned and operated by LVMH, is closing down it's 'retail section' within the next six months and will transition into editorial. 

Peter Som and Creative Design Studios have split, forcing Som to pull out from New York Fashion Week. There's no denying that Som has had a tough year. 

On a lighter note...

Fred Flare is desperately trying to cheer everyone up. For Valentine's Day mail in a homemade Valentine and Fred Flare will sell it for $4 and give the money to charity.

Last night Louis Vuitton and Marc Jacobs celebrated in honor of Stephen Sprouse. Check out a photo gallery from last night's event right here