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The Week in Fashion: Fashion's Night Out Gets Cancelled, Lagerfeld Launches New Line

The week's top five stories in fashion news.

Herr Lagerfeld is on fire these days. Today, he's opening a new store for his eponymous line in Paris, and just yesterday he launched a new line of watches produced by Fossil. The styles are unisex and certainly a bit more Euro fashion-forward than the classic American watch lover might prefer, but we've got our eyes on that zip-unzip cuff style. He's also has a Chanel show coming up next week. Does Lagerfeld's stamina know no bounds? (Watch Karl)

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#menswear geeks, get thee to Bespoke Post. The monthly subscription service that sends high-end goodie bags launches their March box today. Dubbed "Threaded," it features a tie, tie bar, and pocket square from Brooklyn-based Bo Clothing. And for those of us still waiting for our tax refunds, don't fret. Though the beautiful handmade ties usually retail for $115 a pop, the box comes in at a recession-friendly $45—and with a pair of retro Gold Toe socks, to boot. (Bespoke Post)

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The men's shows in London and at Pitti in Florence this summer overlap by a day. It's a fashion disaster—or is it? Producers of the London shows say it was a joint decision and that there's "ample time" to see everything in London before skipping on south to Italy. (WWD)

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RIP FNO. Fashion's Night Out in New York has officially been called off, at least for this year. Retailers and event producers complained to the CFDA (who orchestrates the event) that not enough sales were being generated to offset the expensive of putting on the events. But the real question now is: Where will all us lay folk go to wait in long lines for a glass of free prosecco and a glimpse at Nicole Richie? (Business of Fashion)

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USA Gymnastics inked an eight-year deal with Under Armour to design some snazzy leotards for all its athletes' competitions, including the next two Olympics. The new styles debut tomorrow at the World Cup competition in Massachusetts. No word yet on whether rhinestones or glitter made it into the final designs. (ESPN)

—Todd Plummer. Follow him at @toddkingston.

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