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Feb 22 2008 4:41AM EST

Fashion Breakfast: Benetton, Coach, Levis, YSL

Benetton earnings up 16 percent. (WWD)

Coach is building a Hong Kong flagship. Their eighth store in Hong Kong will open just in time for the Olympic Games in Beijing. (WWD)

Hip Londoner Henry Holland will collaborate with Levi's. (Catwalk Queen)

JC Penny and Ralph Lauren team up to launch an entirely new brand together and they're calling it American Living. I could have sworn we already had an American Living brand. (MSNBC)

Remember last season how there were pretty and, in some cases, over-educated young girls handing out YSL Manifesto ads on the streets of Soho, New York? They're back! (Fashionista)

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