NEWS UPDATE

• Prada is launching nine short films to promote Infusion d'Homme, their latest men's fragrance. Pietro Scalia of Black Hawk Down and American Gangster fame will edit all nine into one film to be released in September. [Variety]

•Stella McCartney's Adidas duds hit stores this month, offering apparel for dancing, running, tennis, golf, and winter sports. If nothing else, stuff like this ought to motivate you to get your holiday-cookie-softened rump out of the house and into the gym this winter. [McCartney]

• It looks like LVMH is really close to bringing Phoebe Philo on as head designer of Celine. An announcement could come next month. [WWD]

• Donna Karan just inked a licensing deal for a DKNY menswear line. [British Vogue]

• Meanwhile, Cartier is suing DKNY for trademark violation for its Tank watches. It contends DKNY is trying to befuddle customers into thinking they're associated with Cartier [Bloomberg]

• Daily Candy was just sold for a reported $125 million. [WWD]