Looks like Proenza Schouler and Andrew Rosen are finally teaming up. It's been over a year since we first learned that Theory ceo Rosen was interested in buying Proenza Schouler. The label is part-owned by Permira Group, a London investment firm that also owns Valentino. Permira put its 45% stake in Proenza on the block in February of 2010. At the beginning of 2011, we heard that the deal had been penned for months but that Permira wasn't happy with the terms, resulting in severe delays. Then Mark Holgate pretty much confirmed on the pages of Vogue that it was all happening! Now WWD reports that it is indeed happening, probably by the end of this month. The partnership will be structured similarly to the agreements Rosen has with Rag & Bone and Alice and Olivia, which are also personal investments. Rosen runs Theory and Helmut Lang, but they're owned by Uniqlo.

Fashion week came, and brought a feisty lil' friend named Nemo along for the ride--forcing us to consider forgoing, "Well, doesn't she look chic!" for, "Well, doesn't she look warm?!" The runways begged to differ, offering up endless new ways to bundle-up beautifully for fall 2013. Check out our top ten trend takeaways from the fashion week that weathered the storm in style.

Another year, another CFDA Awards. Tonight Diane von Furstenberg and Steven Kolb announced the nominations for 2011's awards. But before she began to read out the names, DvF told the crowd at her packed studio that the organization would be putting together an auction for the victims of the Japan natural disasters. "We're going to put together big packages. Designers, clients, suppliers--everyone is getting involved." As for the nominees and honorees, there were very few surprises, except for maybe one.

Last month, rumors circulated that Permira, the London-based private equity firm that owns Proenza Schouler, was shopping the US-based brand around.