It seems Kira Plastinina -- the 16-year-old Russian heiress who closed her pink-heavy, pre-teen friendly US boutiques last December after declaring bankruptcy -- isn’t ready to quit the fashion game quite yet. “Plastinina is going back to basics by planning to attend fashion school,” says Fashion Week Daily. The designer, whose namesake stores in Eastern Europe are still faring just fine, says, "I really want to make my experience complete by getting a professional designer's education. I want to continue to grow and evolve and inspire the girls that go to my store with stronger and more mature collections." So, which schools in particular is she considering? Central Saint Martins in London, and Parsons in our very own New York.

Speaking of designers at a crossroads, fashion industry (and Anna Wintour) favorite designer Olivier Theyskens’ final collection for Nina Ricci is now available for pre-order at London’s Dover Street Market. If you’re looking to land a piece from this historic collection, you’ll definitely want to order in advance. Given the fashion world’s adoration for the Belgian designer, Nina Ricci Fall 09 is one collection that will without a doubt be recession-proof.