Fashion news: Phi to close, Westwood does denim, and jewellery from braces?

Cult label Phi is another victim of These Times. The label, founded in 2003, is closing and the pre-spring delivery will be its last. [WWD]

U.S. department store Macy’s flagship Herald Square location was evacuated yesterday after an escalator caught fire. The blaze was minor and there were no injuries–except to Macy’s sales figures. [Racked]

Vivienne Westwood is teaming up with Lee Jeans for a denim collection. The line, which launches this fall, has skinnies and microshorts in classic dark denim, metallic denim and denim printed with trompe l’oeil lace. And in classic Westwood understatement, there will be bondage jeans for men. [WWD]

Our Winter cover girl, Gossip Girl‘s Taylor Momsen is maybe possibly the face of UK cheap chain New Look. [Elle UK]

This strikes us as slightly gross: A trend in Britain has people pocketing their gold braces after they’re removed from their teeth and selling them or having them melted down and turned into jewellery. Sure, the heat probably kills any germs, but still….

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