>> China is the fastest growing market for fashion and luxury — and the industry is definitely taking notice. Anna Wintour recently made her first trip to China over Thanksgiving, and later wrote that she hopes China will soon have its own Vogue Fashion Fund; Diane von Furstenberg visited earlier this month and said, "I’d like to sell every Chinese a T-shirt."

And now Prada, which has seen a 51 percent surge in revenue from the region in the first nine months of 2010, is planning to restage its Spring 2011 fashion show in Beijing on Jan. 22. Both Prada CEO Patrizio Bertelli and Miuccia Prada are expected to attend, and Prada plans on creating a series of new items specifically for the event.

>> Victoria Beckham's new handbag collection done in collaboration with accessories designer Katie Hillier features six pieces ranging from $1,800 to $13,950, and doesn't hit stores until later this month, but things are already boding well for the line. Two styles were up for grabs on the Net-a-Porter UK site this morning — a leather and nubuck shoulder bag, and a chain-strapped crocodile bag (£8,950, or approx. $13,800) — and both sold out within hours. [T, ElleUK]

>> There's been plenty of speculation on who might replace Julie Gilhart as Barneys's new fashion director — Virginia Smith and Sarah Rutson's names were both mentioned, and most recently, Taylor Tomasi Hill was fingered as a possibility.

Although the first two have said they're not taking the job — Tomasi Hill has not commented thus far — Barneys has not addressed any of the rumors, until this evening, when the retailer released the following statement: "As announced by Barneys New York on November 29th, the search for a new fashion director was launched by Daniella Vitale, chief merchant and executive vice president, who joined the company on December 1st. Contrary to recent speculative reports, no employment offer has been made as of this date to any person for the fashion director position."

>> A long sleeved tee isn't going to keep you warm all Winter long, so save yourself a couple of goosebumps and layer up in some snazzy sweaters. Dressy, casual, printed, and punk — we've got you covered. An angora cardigan from Rag & Bone, streamlined striped sweater from J.Crew, cableknit cocoon confection from Elizabeth and James . . . and more of our cozy favorites below.

>> Paco Rabanne has slowly been edging back into the fashion game — first with handbags that hit stores next month, and then with clothing, which is promised soon after. The namesake designer, who has been consulting on the relaunch of Rabanne, recently said: "The Paco Rabanne brand is and must remain what it has always been: audacious." And now, it's rumored that Manish Arora may be tapped as the new creative director; though it's not confirmed, Aurora does have a knack for color and print. And speaking of designer rumors, there's also one going around that Haider Ackermann is being scouted to replace Stefano Pilati at Yves Saint Laurent — apparently YSL CEO Valerie Hermann attended Ackermann's Spring 2011 show in October incognito, without an offical ticket request or RSVP. [Racked, Racked]

>> Are Naomi Campbell and Vladislav Doronin getting married, as rumors have been purporting? Vogue thinks so — in a list of things 2011 will bring, the magazine included: "One can only imagine the stops Naomi Campbell will pull out for her upcoming wedding to Russian billionaire Vladislav Doronin. Whether in Moscow or Marrakech, all we know for certain is that this is the one invitation that even the A-list will be angling for."

Originally, rumors had Campbell and Doronin marrying at the ancient Egyptian temple Luxor, which overlooks the Nile, over Dec. 7 and 8, but a representative of Egypt's Supreme Council for Antiquities, which overlooks the protection of archeological sites, said it had not been notified by Campbell of her desire to hold a wedding there. “Even if she asked for that, we would definitely refuse,” the representative said. “Our temples are not wedding halls. This is an insult."

Rumors have also pointed to Venice as a possible location for the wedding, with February 2011 as the reputed new time frame. Regardless, it would be a first marriage for Campbell.

>> Bernard Arnault is not looking to allay Hermes after his surprise October acquisition of a 17.1 percent stake in the brand. Despite stating that he has no intention of taking Hermes over, Arnault announced yesterday that LVMH now owns 20.2 percent of Hermes shares — assuredly to the Hermes family's dismay, although a Hermes spokesman declined comment.

As the Hermes family collectively owns 70 percent of the brand, there is now less than 10 percent of shares left for Arnault to freely buy. If Arnault wants to continue increasing his stake, it will likely take years to erode family unity and therefore clear the way for a takeover.

>> After seasons and seasons of supermodel faces — Christy Turlington, Claudia Schiffer, Daria Werbowy, Naomi Campbell, Kate Moss — Stefano Pilati has chosen a new face for Yves Saint Laurent's Spring 2011 campaign: that of Arizona Muse (she also happens to be a Spring 2011 Prada face). In the first image released, Muse wears the dress she wore to close the house's Spring 2011 show, and Inez van Lamsweerde and Vinoodh Matadin captured her in the gardens of a 1930s villa in Marrakech's Palmeraie resort, true to Yves Saint Laurent's Moroccan ties.

UPDATE: More images from the campaign can be seen here.