MUGLER'S NEW ANGEL: Oscar nominee Naomi Watts has been picked to be the new face of Thierry Mugler's Angel fragrance, according to sources. The new advertising will start appearing in magazines in October. Executives at Clarins, parent of Mugler's fragrance business, could not be reached for comment.

HEDI-NG OVER?: There's yet more buzz about the future of former Dior Homme creative director Hedi Slimane. Rumors of his dramatic return to the LVMH Moët Hennessy Louis Vuitton family after talks with chairman Bernard Arnault, or of an undefined collaboration with Diesel's Renzo Rosso, surfaced in December. Now, it seems, Diesel may be preparing to launch a Red Collection to be designed by Slimane. Although Diesel's Milan headquarters could not be reached for comment due to the May Day holiday, a collaboration with Slimane would fit in with Rosso's modus operandi. This year, Rosso launched the Diesel Black Gold collection to provide a more sophisticated option for his customer.