Fashion Breakfast

New York's South Street Seaport is looking to fancy itself up due to the area's fast-growing up-scale residential population (WWD)

Hollywood Writers strike might cause the red carpet to be red carpet-less. With the Golden Globes approaching actors refusing to cross the picket line in support of the writers will lead fashion and fine jewelry houses with no one to dress. (WWD)

American Association of Textile Chemists & Colorists held a seminar bringing forth new ways to cut costs while adopting more environmentally friendly practices. (WWD)

Gucci's Frida Giannini created a special collection called 8-8-2008 for Beijing Olympics. Pieces will only be sold in the Gucci stores of China, Hong Kong and Macau. With the exception for the new I-Gucci watch the brands first digital timepiece which will be offered world-wide.(WWD)

Thanks to Europe and Asia, Nike's second-quarter earnings increased 10.4%. European revenues increased 18 percent overall to $1.2 billion compared with $1 billion a year ago. (WWD)

Jade Jagger, Katharine Hamnett, Scissor Sisters, Rihanna and Timbaland join forces to create a line with H&M called Fashion Against AIDS in hopes of raising awareness and spreading the word (Vogue Uk)

Gisele takes on new design project with the support and help from her friends Domenico Dolce and Stefano Gabbana. Already the face of their new perfume The One, she will now go on to design a range of clothing with them called called Bundchen by Dolce & Gabanna. (Vogue UK)