Victoria's Secret Hits Miami, Gaultier Aims Young

Heidi Klum, Adriana Lima, Alessandra Ambrosio, and Karolina Kurkova were just a few of the models who took to the stage in Miami this weekend for the Victoria's Secret show where the company unveiled its latest publicity stunt at the celeb-packed event, the $5 million Black Diamond Fantasy Miracle Bra by jeweler Martin Katz. [Vogue UK, E!, ABC]
Prada is gamely adapting to the economy by launching a new line of purses that are all—gasp—under $1,000. [Nylon]
As if today's tiny fashion victims don't have enough to choose from, Jean Paul Gaultier has inked a licensing deal to make children's clothes. [WWD]
Vanity Fair's fashion department tried to go on a $150,000 shopping spree à la Sarah Palin and discovered it's actually kind of hard to blow that kind of cash. [VF]

The entire Restoin Roitfeld clan descended on Indochine Thursday night for a very fashionable birthday celebration: Genevieve Jones, Lara Stone, and Stavros Niarchos joined French Vogue's Carine Roitfeld and her son Vladimir in wishing Julia Restoin Roitfeld and her father Christian Restoin a happy birthday. [WWD]
Despite the efforts of PETA—not to mention the recession—clothes and accessories made from exotic creatures like minks and pythons are reportedly selling better than ever. [FT]
Chloë Sevigny's beach frolics were caught on camera, but who's her "foxy friend"? It's Missbehave's new editor-in-chief Lesley Arfin. [Sun UK]
65-year-old fashion icon and Olsen model Lauren Hutton gets a sartorial homage for her birthday. [The Pipeline]
Our condolences to Intermix employees: Everyone who works for the fashion company owned by Haro and Khajak Keledjian has had their salary cut by 18 percent. [The Daily]