Fashion Scoops: Valli of the Down Jacket... Stella's Baby New Year...

Buzz is mounting in Milan that Giambattista Valli could be headed to Moncler to replace Alessandra Facchinetti on the Gamme Rouge project.

EARLY TO THE PARTY: With fashion week a month away, January isn't the prime time for parties. But pop open a bottle of Moët and the in-crowd shows up — in droves. Four hundred people attended Louis Vuitton's fete at the Guggenheim on Tuesday night to celebrate the final day of the Richard Prince exhibit. "What can I say? We start early," mused Daniel Lalonde, president of Louis Vuitton North America, who was among the revelers including Jamee Gregory, Helen Schifter, and Anne and Mario Grauso. Guests meandered the galleries and preordered bags which Prince collaborated on with Vuitton creative director Marc Jacobs. Also in attendance were seven bemused models cloaked in Prince-inspired nurse's outfits from Vuitton's spring runway, perched on a ramp in the museum — no doubt suffering from the building's notorious vertigo effect.

MODEL SALE: French model and former designer Ines de la Fressange has lent her face to France's traditional winter sales period, which kicked off Wednesday nationwide. "Paris should have a high profile in fashion and I wanted to help," said de la Fressange, who also lends her talents to the shoe firm Roger Vivier. French retailers and the board of tourism have banded together to raise the profile of the sale period in Paris by attracting shoppers from beyond France's borders with a high-wattage publicity campaign and special promotions.

PUTTING ON THE RITZ: Holiday festivities aren't yet over for Dior, which will be seeing in the Old Russian New Year this weekend with a trunk show in Paris at the Ritz. The private event speaks to the spending power of Russian consumers. It will showcase Dior's spring ready-to-wear collection and fine jewelry collections.
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