Calvin Comes Down

• The Calvin Klein billboard in Soho that has caused a bit of controversy recently has been replaced. Of course, just swapping out the ads could be part of the company's PR strategy to keep people talking about the ad campaign, in which case, well, it worked nicely. [GoaG]
• Rumor has it Anna Wintour has offered a Vogue internship to Prince William's girlfriend, Kate Middleton. [Grazia]
• Rumor also has it Emma Watson is designing a teen line. [Fashionista]
Olivia Palermo plans to model now: She's signed with Wilhelmina. [P6]
Isaac Mizrahi is opening a store on the Upper East Side in August. [WWD]

• A lazy Sunday in the company of fashion wunderkind Jason Wu. [NYT]
• Robin Givhan on the idea of discount designer heels: "There's something about cheap Jimmy Choo shoes that doesn't feel right." [WaPo]
• Is Alessandro Dell'Acqua breaking with his own brand? [FWD]
• Daphne Guinness sits down with W to chat about her new fragrance and collaboration with Comme des Garcons. [W]
• Nicole Richie's House of Harlow is branching out into shoes and clothes. [Cut]
• Speaking of Richie, her former BFF, Paris Hilton, has a new perfume coming out; naturally, there's now a predictably silly ad campaign to go with it. [SW]
• And speaking of celeb scents, Queen Latifah's got one for the fall. [WWD]