Today in Fashion: Horyn Wants FNO to End; Lagerfeld Builds an Island

Alexander Wang will not be collaborating with Nike after all. [WWD]

Cathy Horyn on Fashion’s Night Out: “I hope it doesn’t go on. I don’t want it to continue… You know, we’re a nation of shoppers. That’s how people spend their time, shopping online, shopping in stores, acquiring. And I feel like we perpetuate that with Fashion’s Night Out. What are you really celebrating? Not art or great books. You’re celebrating shopping.” [The Daily Beast]

When you’re Karl Lagerfeld you can design your own island off the coast of Dubai and name it Island Moda. [Vogue UK]

Matthew Williamson is working on a diffusion line. [WWD]

Tomorrow, Mayor Bloomberg will award a key to the city to Ralph Lauren at the designer’s flagship store on Madison Avenue. [Observer]