Vuitton's Material Girl... DVF's Party... The Homecoming...

Will Madonna be the new face of Louis Vuitton? Sources close to the brand said Steven Meisel shot the pop icon for the spring ad campaign.

THE HOMECOMING: A week after the election, politics is still on many fashion minds. At Diane von Furstenberg’s party to welcome The Financial Times fashion editor Vanessa Friedman back to New York from London, Barack Obama’s victory last week dominated many conversations, not least because André Leon Talley’s coat — spelling out the words “The New American Dream” in crystals across the back — drew much of the attention. Even Friedman herself – who will continue as the FT’s fashion editor – couldn’t help but get swept up by the spirit. “Since Tuesday, it’s been fantastic,” she said, of settling back in Gotham. The party, also hosted by members of the Council of Fashion Designers of America and held at DVF’s studio in the Meatpacking District, brought out the likes of Steven Kolb, Catherine Malandrino, Derek Lam, Richard Lambertson, Yeohlee Teng, Rebecca Moses and Prada’s Graziano de Boni. “She arrived at a perfect time, she missed the last eight years,” said Peter Som. With all the excitement, though, there is one thing Friedman will miss about London — “Taking the train to Paris,” she said.

— Marc Karimzadeh
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