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Madonna’s design streak continues: After signing design and distribution deals with Iconix, Madge has inked her latest agreement, to do a line of eyewear with her friends Domenico Dolce and Stefano Gabbana. The shades (pictured) will be marketed with Madonna’s M appended to the usual D&G logo. OMG MDG! [WWD]
Rumor confirmed. Phillips-Van Heusen agreed to buy Tommy Hilfiger for B in cash and stock, with Tommy remaining at the helm. [NYT]
French Connection, meanwhile, isn’t faring as well. The company is making plans to sell Nicole Farhi’s label, after shutting down its own label’s northern European and Japanese retailing. Say it with us, French Connection execs: Oh, fcuk. [Vogue U.K.]
And Blackbook takes a moment to call out all of the product placements in Lady Gaga and Beyoncé’s new video extravaganza, “Telephone.” Somehow it’s not hard to believe Lady Gaga is in favor of Miracle Whip, Wonder Bread, and Diet Coke, but we were more taken by the similarity of her vintage Mugler hat (as she’s exiting prison) to the nouveau wimples Stefano Pilati showed for YSL this season. [Blackbook]
