Those stories and more in our daily news roundup.

• The company that owns Valentino is selling the Italian fashion house, and the royal family of Qatar is rumored to be the frontrunner in the bidding war. Not true, says Valentino CEO Stefano Sassi. "As previously stated, Valentino has seen increasing interest from a number of potential buyers." [Elle UK]
  

• Sophie Theallet won the US division of the International Woolmark Prize, which honors emerging talent in fashion design. The prize money totals $100,000, and Theallet could win another $100,000 when she competes with other regional winners from around the world in February. [The Cut]
  

• Chloe Moretz has been named the newest brand ambassador for Aéropostale. [Styleite]
  

• Paper editorial director Mickey Boardman says that if he were a rapper, then his name would be Chunky D. [Fashionista]
  

• Lulu Kennedy may have helped start the careers of Gareth Pugh, Roksanda Ilincic, and Jonathan Saunders through her Fashion East initiative, but she would like to clarify that she's not a genie. "I can't grant them wishes," she says of the designers she works with. "They make things happen. They've got to put the work in." [The Guardian]
  

• Karl Lagerfeld's masstige line Karl will be available at Selfridges by the end of the month. [Vogue UK]
  

• The Museum at FIT has relaunched its online platform, the Museum at FIT Online Collections, which allows users to digitally view some 600 pieces in the museum's possession. [UnBeige]

Rosie Huntington-Whiteley reportedly left her job as the host of Project Runway: All Stars shortly before filming began to work on the upcoming movie Mad Max: Fury Road in Namibia. The move is said to have sent the show's producers on a last-minute hunt for a replacement.

Huntington-Whiteley would have replaced Angela Lindvall, who left the host's chair after one season without explanation. Now Carolyn Murphy, whose last television appearance was a segment of The Tonight Show With Jay Leno in 2005, has been selected for the hosting job — but that didn't happen before The Weinstein Company hastily auditioned her, Karolina Kurkova, Hilary Rhoda, Elaine Irwin, and Rachel Roy for the position.

A friend of Huntington-Whiteley's insists she was "never fully committed to the project and there was no signed contract." The model may not be the host of the show, but it is believed that she will come back as a guest judge. Nevertheless, another source claims her departure caused a big fuss.

"Literally days before filming, the show suddenly had no host," a source said. "Rosie had been pushing really hard for the job. She'd charmed everyone. But then with less than three weeks to go, Rosie pulled out to do Mad Max, creating a huge drama. It put the production in a terrible position, and the Weinstein Co. even threatened to sue Rosie."

Filming on Project Runway: All Stars began early last month and features Georgina Chapman and Isaac Mizrahi as judges. Marie Claire editor in chief Joanna Coles will mentor the designers on the show, and so far guest judges have included Katie Holmes and Kylie Minogue.

Huntington-Whiteley will star in Mad Max: Fury Road alongside fellow model Abbey Lee Kershaw, Charlize Theron, and Zoe Kravitz. Last year she starred in Transformers: Dark of the Moon. Murphy had a small role in the 1999 film Liberty Heights.

From Chanel's Resort 2013 show to all the romantic editorials that have been staged there, the Palace of Versailles is having a moment. And now, Le Grand Divertissement à Versailles — the 1973 fashion face-off between five American designers and five French couturiers — is the subject of the new film Versailles '73: American Runway Revolution.

The event was staged by Eleanor Lambert, creator of Vanity Fair's International Best Dressed List, who invited Halston, Oscar de la Renta, Bill Blass, Anne Klein, and Stephen Burrows to represent America. The French team included Yves Saint Laurent, Dior's Marc Bohan, Hubert de Givenchy, Pierre Cardin, and Emanuel Ungaro.

Director Riley Draper said she created the film, which will premiere during New York Fashion Week in September, to remember an evening that had a profound impact on the American fashion and modeling industries.

Riley's research found that the American designers took their positions as underdogs very seriously. "When you look at the documents, they were like, 'We're going to war,'" she said. That may explain their groundbreaking decision to cast black models for their portion of the show.

"To actually have an exhibition with 12 African-American models at one time, in one show, in a palace in France, representing the United States and representing our fashion industry, is legendary — it's historical," said Riley.

The documentary features interviews with some of those models, including Pat Cleveland and Alva Chinn, as well as former Vogue editor Grace Mirabella and several fashion historians. Cameron Silver of the vintage store Decades narrates the film, which Riley screened at the Cannes Film Festival earlier this year. She'll also screen the film in Los Angeles and Atlanta before bringing it to New York City. A glimpse of the film in the trailer below.