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John Galliano's SHOCKING Vanity Fair Interview! Read ALL The Juicy Excerpts HERE!

John Galliano spills all to Vanity Fair in revealing interview!

We hope you're sitting down; this is EXPLOSIVE!

Getting candid in his first interview since his anti-Semitic rantings cost him his job and reputation, John Galliano speaks with Vanity Fair's Ingrid Sischy about his drug addiction, his personal demons, and the night at the Paris cafe that changed everything.

Recalling the infamous night in 2010, John admitted:

"It’s the worst thing I have said in my life, but I didn’t mean it. . . . I have been trying to find out why that anger was directed at this race. I now realize I was so f***ing angry and so discontent with myself that I just said the most spiteful thing I could."

Wow. And that's just the beginning!

Read the rest of the HIGHlights…AFTER THE JUMP!!!

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Karl Lagerfeld Thinks Nicolas Ghesquière Should Go Solo

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This may be his best idea yet!

At the Parisian launch of his Little Black Jacket exhibition, Karl Lagerfeld was asked about Balenciaga's soon to be ex-creative director Nicolas Ghesquière's future. As usual, his two cents were brillz!

Chanel’s captain said:

"Perhaps Nicolas wants to have his own label, which is not a bad idea. And it would not be a bad idea if somebody such as Bernard Arnault would invest in a new label because there are so many old labels [within LVMH]."

It was already suggested that both of these things would happen, but maybe with Unkle Karl behind the idea it will gain more steam.

Also, how funny that he called them "old!" LOLz! Oh, Karl!

[Image via WENN.]

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Hermes Demands LVMH Be Investigated For Insider Trading!

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Sneaky sneaky!

Last month, Hermes filed a complaint with a Paris court asking them to investigate LVMH for insider trading and stock manipulation.

The request is the latest in the ongoing battle

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Hedi Slimane Wants To Take The Yves Out Of Yves Saint Laurent

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Blasphemy!

Hedi Slimane wants to make some major changes now that he's creative director of Yves Saint Laurent

Rumor has it Slimane approached CEO Bernard Arnault about dropping Yves from the name and go by just Saint Laurent.

Who does he think he is? Jack McFarland!?

Slimane apparently wants to "lose the history" associated with the iconic label and Arnault is actually considering it.

Yves Saint Laurent’s long-time partner, Pierre Berge, has gone to great lengths to keep the designer in the forefront of peoples minds when they think of the brand.

No word on how he feels about this, but it’s safe to say it’s not good!

Hmm… we just can’t envision a label with only SL on it, can U???

[Image via Ramey Pix.]

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LVMH Might Be Eyeing Marc Jacobs For Dior

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It's been a minute since we've heard any buzz about John Galliano's successor at Christian Dior, that is until now.

The rumor du jour is LVMH boss Bernard Arnault wants Marc Jacobs to take over the gig because his image would be good for the fashion house.

So what does that mean for Louis Vuitton?

Since MJ has already renewed his creative director contract he could do both, but according to sources he'll most likely have to choose one or the other.

After nearly 15 years at Louis V, maybe a change would be good for Marc.

What do U think???

[Image via WENN.]

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Saying 'No' To Anna Wintour Isn't An Option For Marc Jacobs

Filed under: Marc JacobsAnna WintourVogueLVMHLouis Vuitton

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There's one person in the world that Marc Jacobs can't say 'no' to and that's Anna Wintour.

He told the Wall Street Journal:

"If I get a request for something, there aren't two possible answers. First I get an email, then a phone call from someone at Vogue, and now I don't even bother to say no - I know the next call is from her."

Hey, if Anna suggested your name to LVMH CEO Bernard Arnault as a good designer to takeover Louis Vuitton, you probably wouldn't say no either.

[Image via WENN.]

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Fashion Leaders Are Among The Richest In The World

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Mexican Telecom businessman Carlos Slim Helu might be the richest man in the world with a net worth of $74 billion, but he’s also joined by several fashion leaders.

In fact, Bernard Arnault, pictured above, come in at the number four spot making him the richest fashion businessman in the world worth $41 billion! Arnault owns the LVMH conglomerate which controls some of the top labels around like Louis Vuitton, Dior, and Givenchy.

Amancio Ortega, who founded Zara, come in at number seven with $31 billion.

H&M chairman, Stefan Persson, has a pretty big bank account as well, being worth $24.5 billion on the number thirteen spot and is followed by Liliane Bettencourt, heir to L'Oreal, at number fifteen worth $23.5 billion.

Even Salma Hayek’s father-in-law, Francois Pinault, is on the list at number 67 with an $11.5 billion worth. Pinault owns PPR which includes Gucci, YSL, Alexander McQueen, Stella McCartney, and Puma.

Looks like there's a lot of money to be made in the fashion industry.

[Image via WENN.]

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