Fashion news: Diana Ross for Steve Madden, Twitter to the rescue and no cheaper Balmain for you!

That lower-priced Balmain line? Not happening. Never was. Says a company spokesperson: “What I think you might be referring to is a capsule collection that was prepared for some Parisian retailers. Christophe Decarnin wasn’t involved in that project. The brand has decided to not repeat the experience, preferring to concentrate all its efforts on the main line.” [Vogue UK]

Can Twitter save haute couture? [Toronto Star]

Critically lauded but perpetually jobless designer Olivier Theyskens has the sketches for three or four imaginary collections. He may not have a fashion house, but he does have that book coming out. [WSJ, via The Cut]

Is this odd to anyone else? Diana Ross is collaborating with Steve Madden. [WWD]

Tommy Ton has Twitter-accused Jimmy Choo of biting his photo style for the company’s 24:7 ad campaign. [Fashionista]

America’s Next Top Model Cycle 13 winner Nicole Fox has landed the Spring 2011 campaign for Alexander McQueen. [The Frisky, via Refinery 29] UPDATE: A rep for McQueen says, nuh-uh, not true.

Today in obvious news: Young men are more likely to wear their pants low; older men are more likely to wear them up high. [Guardian]

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