HOLDING TIGHT AT 13: The meeting Thursday between Liz Claiborne Inc. and a consortium of buyers led by Windsong Brands and the Radius Group did not result in closing on the sale of Ellen Tracy. After unsuccessfully spending the day haggling over price, the two parties are scheduled to confer again Monday, which sources said will be a make-or-break day for the deal. Claiborne has promised to either sell the bridge brand to the sole remaining bidder or keep it if Ellen Tracy doesn't earn a high enough price. The vendor has reportedly put a mid-February deadline on deciding the fate of 14 of the 16 brands Claiborne put on review in July.

DEACON BECKONED: What better moment than the fashion shows to officialize a new creative collaboration? That's exactly what Fay's chief executive officer, will do on Feb. 19 when he formally introduces Giles Deacon to the fashion pack. Deacon, in fact, will design a small and special collection for the Tod's Group-owned Fay that will be sold alongside the brand's more traditional sportif-chic garb. For the first time, Fay will stage a presentation at PAC, Milan's contemporary art pavilion and Tod's longtime showcase for new collections, because the latter will exhibit its fall wares at the newly refurbished store.

TEE TIME: Irina Lazareanu has something to get off her chest. Backstage at the shows this week, the Canadian model — along with a slew of her fellow Marilyn Model Management mannequins, such as Iekeliene Stange and Angelika Kocheva — is wearing a T-shirt emblazoned with the seal of Global Action for Children (Angelina Jolie's charity). Lazareanu hopes that, by wearing the shirt while prepping for hair and makeup, she will raise awareness of the initiative, which benefits children in developing countries. "No one has asked me about the shirt yet, but I hope that will change by the end of the week," the model said while primping for the Matthew Williamson show on Tuesday afternoon. Lazareanu hopes to continue her work with the charity by partnering with Chanel (for whom she shot a 2006 ad campaign). Says the mannequin: "I'm their client, so I think they will do it."

FROM L.A. TO NEW YORK: Tonight, wacky designer Jeremy Scott hosts the opening party for the New York outpost of Los Angeles club Mansion. (Fittingly, his upcoming Paris show was inspired by the idea of an "opulent mansion.") The West 28th Street nightclub, which is a joint venture from nightlife fixtures Eric Milon and Mark Baker, will celebrate its first night in business with DJ sets from model Agyness Deyn and the Misshapes. Earlier in the night, Prada model Sasha Pivarova will display some of the artwork she's been making in her spare time on the road.