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It's Over... Rank and Philo... Shock Therapy...

Tommy Hilfiger and Dee Ocleppo have called off their engagement.

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Phoebe Philo

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RANK AND PHILO: While most of the French fashion industry is on its annual August vacation, the Paris rumor mill is still churning about one subject: Celine. Speculation is rife the fashion house, part of LVMH Moët Hennessy Louis Vuitton, is zeroing in on a deal to bring in former Chloé designer Phoebe Philo, with an announcement possible as early as September. According to sources, Philo could be in place to present her first Celine collection in March 2009.

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