This morning come reports from London that Celine has very quietly closed its London store on Bruton Street, its only standalone in the city.

The company is keeping quiet about what this means, if it’s a sign of things to come, or what the future holds in the London retail game.

We couldn’t have loved Phoebe Philo’s first resort collection for the label more, and we certainly weren’t alone.

So here’s hoping this is just a little blip and not the beginning of more financial woes for the brand.

Die Hard: Do you think Tallulah’s getting ribbed about these pics over at her Bazaar gig? We’re just super glad that’s not our dad doing all those things because this is definitely more uncomfortable than anything her stepdad has ever Tweeted. {W}

All Tied Up: We’ve been rocking out old school knot bracelets since Memorial Day and plan to all summer long. Behnaz has a different spin. {Elle }

Thank You Selma: Charivari creator Selma Weiser passed away this weekend. We have her to thank for giving Marc his first fashion job and basically reinventing merchandising and retail. {WWD}

This is…Fashionair: Manager and producer Simon Fuller (he of American Idol and Spice Girls fame) is taking his wily media ways to the internet in September by way of a fashion website called Fashionair. Will VB be blogging? {Grazia}

Resort collections may not get the same coverage as the regular Spring and Fall seasons, but they’re still very important to buyers as most designers use their Resort (sometimes called Cruise) collections to make designs that the average customer will actually wear.

So today’s news that both Dior and Gucci plan on scaling back their Resort 2010 collections for this June (Dior has cancelled their show altogether, and Gucci, which threw runway shows in both New York and Rome last season, is doing a simple presentation) comes as no surprise since the clothes will make in onto racks and into glossies whether designers host a full-blown event or not.

According to WWD, this leaves Chanel all alone in pursuing the same grand affair in Europe as always - Karl’s upcoming Resort 2010 will be shown on Lido Beach in Venice this year - but we’re (of course) wondering about Celine. June’s collection is supposed to be Pheobe Philo’s first for the brand, which means they must be planning some sort of event in Paris - unless the money has kept her grand entrance from being, well, grand.

If it starts with P and ends with rada, it’s probably golden - or in this case, made of Swarovski crystals.

The second we saw Miuccia Prada’s Resort 09 collection, we fell in love and began brainstorming how to get our hands on a pair of the earrings swinging from Kamila’s lobes.

Once we realized next month’s rent wasn’t optional, we gave up on buying the real thing. So we set out to make our own and possibly employ the BeDazzler that’s been sitting in the back of our closet since the fifth grade.

Here’s how it went…

—CHLOÉ ARTHURS

Reminder! The Gucci Resort show, live at 2pm EST.

We have a feeling Gwyneth may have had something to do with this one…

Just as we all started to get comfortable in our skinny pants, a new silhouette is officially taking over the runway.

And it’s straight out of the ’70s.

We first started to think about flares way back during the Spring 08 shows when we saw them on Stam at Gianfranco Ferre, and in crazy colors and plaid at Prada. Then, Fall 08 brought a steady stream of super wide-leg pants, and now, even Chanel’s show for Resort included a pair.

But how did this happen? We haven’t thought this look was cute since we saw it in pictures of our moms from before we were even born. And are they practical? Unless you’ve got Nadja-length legs, tall shoes are an absolute must, and even then, that’s still just a lot of material to walk around in without collecting street dirt on your way.

So what do you think, a cute look that deserves a second try? Or too hideous for thought?

—KYLE HAYES