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NO DEAL: So will Alexander Wang Just Do It — or not? Rumors began floating on Monday that Wang was collaborating with Nike (à la Stella McCartney and Adidas) after a tweet by Mediabistro’s UnBeige went viral. “A reliable source,” it read, “tells us that Nike is cooking up a major collaboration with fashion designer Alexander Wang.” Both sides confirmed exclusively to WWD that nothing is in the works. But there was a hint of a spark to the smoke — the two had planned to partner up for spring 2011, but the project fell through. Nothing made it to market or will.