• Naturally, Pharrell Williams is now an owner, investor, ambassador, and spokesman for Bionic Yarns, a textile firm that makes fabrics with recycled plastic bottles. [WWD]

• Stephen Webster is the new creative director of British jeweler Garrard. Webster is known for his rock-and-roll styles, while Garrard is famous for outfitting the British royal family. [WWD]

• Tod's is reportedly launching a line of haute couture footwear and accessories in January. No word on whether Tod's creative director Derek Lam will design them. [WWD]

• The Hollywould store in Nolita closed last night with a blowout sale. Designer Holly Dunlap was hoping to sell her business, but it looks like that didn't happen. [Racked]

• Emanuel Ungaro: "Young designers think you become rich and famous immediately. To be a designer is very hard work. What I repeat to the students is the freedom to create. Keep integrity and go near the designers you respect." [British Vogue]