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Donatella, Dolce & Gabbana Vogue At Madonna's Concert!

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There were lots of fashionable faces in the crowd at Madonna's MDNA concert in Milan last week.

Spotted in the VIP section of the San Siro stadium was none other than Donatella Versace, her daughter Allegra and a handful of bodyguards.

Donatella is the superstar's biggest and tannest fan and long time attendee to her shows:

“I’ve never missed one of her concerts! I can’t even count how many times I saw her performing, but it’s always great."

But Queen Donatella wasn't the only one striking a pose.

Designing duo Domenico Dolce and Stefano Gabbana, who selected Madge to star in their campaigns, were also expressing themselves in the stadium.

How exciting! Fashion executives and the pop legend under one roof makes for an AH-MAY-ZING evening!

[Image via Toby/WENN.]

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Dolce & Gabbana Puckers Up With Monica Bellucci Lipstick

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Dolce & Gabbana love their voluptuous models, so signing Monica Bellucci to rep their new lipstick line makes perfect sense!

The Italian bombshell will have her own line: “Monica Lipstick Collection: A flattering line of six creamy lipsticks that capture the star’s many intriguing qualities.” Pat McGrath is the makeup artist behind it all and has created shades that range from natural to a deep red.

You can get your favorite color at your nearest Saks!

[Image via Mert Alas and Marcus Piggott.]

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Paris Hilton No Longer Has Her Panties In A Bunch, Settles Lawsuit

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Finally!

Paris Hilton has had her fair share of lawsuits, but this time around, she can completely put the case to rest with the Italian lingerie company, Le Bonitas!

The businesswoman was sued by Le Bonitas last year because she procrastinated to approve the undies the company designed for her and then abandoned the deal all together!

Oops!

The lingerie company claimed $200,000 in losses, but Paris fought back demanding $1.5 million in royalties! There's nothing bonitas about that!

Luckily, Le Bonitas won't have to worry about shelling out the dough to Paris because on Monday they struck a settlement.

Under the terms of the deal, both parties agreed to launch a new lingerie line together, which has the potential to net $1 billion in sales.

You can win 'em all!

[Image via Brian To/WENN.]

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Ver$ace Going Public?!

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Soon, YOU TOO may be able to own a slice of the gilded, Italian fashion pie that is Versace!

According to reports, the fashion house's owners Donatella, Santo and Allegra Versace, are looking for investors to grow their biz, which means they could become a publicly traded company on the stock exchange.

Goldman Sachs is said to be helping Versace weigh their financial options, but CEO Gian Giacomo Ferraris says "no solution has yet been decided".

Hmm. It worked for Prada and Salvatore Ferragamo, so why not?

Would U buy Versace stock???

[Image via WENN.]

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Diane Kruger Royally Covers Amica

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Amica magazine has crowned Diane Kruger their June cover girl and to prove it they've Photoshopped a crown to her pretty little head.

We're not exactly sure what purpose the crown serves other than a decorative element because it wasn't used anywhere else in Diane's editorial.

In fact, it kinda ruins the cover shot and comes of as amateurish.

What do U think???

[Images courtesy of Amica.]

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Karl Lagerfeld's Designing VIP Helicopters!

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Now this is how you make an entrance!!!

Glassware designer, newspaper editor and all around jack of all trades Karl Lagerfeld has a new collaboration in the works: helicopters!

Chanel's creative director was selected by Italian company AgustaWestland to bring his "creativity and sophisticated style" to the exterior and interior of a limited edition line of ultra luxurious VIP helicopters.

The AW139 twin-turbine helicopters will seat up to 15 very stylish passengers and we expect over the top everything from Unkle Karl.

No word on when the helicopters will roll out or how much they'll cost, but more importantly, will the interior be decked out in Chanel?!!

[Image via WENN.]

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TOD'S To Help Finance Restoration Of Italy's Colosseum

Filed under: Business Blitz

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Talk about really loving publicity your country.

The founder of Italian luxury label Tod's, Diego Della Valle pictured above left, has announced they will finance a restoration of Rome's iconic Colosseum.

And it won’t be cheap. Costs are estimated to be around $35 million!

Diego reveals:

"A monument that represents Italy in the world must be restored, and a company that represents ‘Made in Italy’ stepped forward to say, 'If you need us, we are here.’

We believe that because the Tod’s Group is a strong global representative of ‘Made in Italy’, it is both an honour and our duty to contribute to the support of our country’s image and credibility, as well as it’s cultural heritage.”

Valle also hopes other Italian companies will step forward to help out.

The Colosseum is said to be blackened due to pollution and rocked by the vibrations from a nearby subway line.

The work is said to begin at the end of this year but the Colosseum will remain open to tourists during restoration.

[Image via AP Images.]

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