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Calling Amy

Could Amy Winehouse, who couldn’t make it to the Grammy Awards last month due to visa issues, be crossing the pond for the Costume Institute gala on May 5? The Mirror of London reported on Monday that Winehouse has been offered 500,000 pounds ? or about $1 million ? to perform at the benefit and, according to the tabloid, gala host Giorgio Armani asked co-chairs George Clooney and Julia Roberts to sign her on. Winehouse’s London rep declined comment, but a spokeswoman for the Metropolitan Museum of Art said, “Amy Winehouse is one of a number of artists who have been considered for the entertainment portion for the Costume Institute gala. It’s incorrect that she was offered payment. It’s a benefit, so no one is being paid.”

Despite Stock Market’s Jump, Few Mega M&A Deals Seen in ’08

Retail rode Wall Street’s roller coaster on Tuesday as the Federal Reserve Board’s interest rate cut sent the market zooming. But daily thrill rides aside, the lack of credit could dry up any major deals in the industry for the foreseeable future.

Print Dresses, Colored Trenches Top Spring Sales

Retailers may be worried about the economy and Wall Street’s woes, but the arrival of spring fashions should offer some hope.

In the Trenches: The GLAMWIRE Trench Coat Report

Reed Krakoff and Phillip Lim are out to reinvent the trenchcoat. The two met through the CFDA/Vogue Fashion Fund. In 2007 Lim won the CFDA Swarovski women’s wear award for his two-year-old contemporary label, 3.1 Phillip Lim. Krakoff is vice president of the CFDA. “He’s not only amazingly talented, but has a great personality,” said Krakoff. “He really understands great American design and the trench is an iconic piece of American outerwear.” The two concocted a long belted suede trench that will retail for $1,798 and a short leather one that will sell for $1,298. Outerwear is a growing category for Coach, which has also partnered with designers such as Lutz & Patmos for knits and Eugenia Kim for hats. “It’s part of our moving forward and staying fresh,” added Krakoff of the burgeoning categories. “We’re starting to add more clothing.” The coats will be available in Coach stores starting in August.

Other headliners today: Ralph Lauren, Gucci, Channel, Louis Vuitton, Clavin Klein, Calvin Klein, prada, Hermes, Dior, Tod’s, In Full bloom, Lisa Perry,David Yurman, General Petreus, Dolce And Gabbana. Hilfiger,Cole Haan, Genevieve Collection. Burberry,Donna KAran, Kate Moss, Botetga Veneta, Miu Miu, Lord & Taylor AND Richie From Totally Cool Magazine