• Forever 21 is preparing to open a 51,000-square-foot store in Hong Kong; the monthly rent will be $1.4 million. [WWD]
• The interview accompanying Kim Kardashian’s new cover of Marie Claire includes some choice quotes about her marriage, like: “We have a lot of trust, and I don’t think either of us would do anything to break that. It makes life so easy.” [Radar]
• Barbra Streisand will present Donna Karan with this year’s Dream Foundation Founders Award on Friday. The evening will also include a fashion show, silent auction, and a performance by Macy Gray. [WWD]
• Before complaints from parents got them removed from the shelves, a store in Colorado called Kids N’ Teens sold crotchless panties sized to fit a 7-year-old. [NYDN]
• RNKD.com, a new website created by the same businessman who founded Zappos.com, is being set up as a loyalty program between customers and brands. By referring friends, “liking” photos, and uploading images of one’s own clothes and accessories to RNKD, the consumer earns points, badges and discounts. [WWD]
• A 110.3 carat, pear-shaped yellow diamond sold for more than $10.9 million at auction on Tuesday, setting a new record. [HuffPo]
• Dolce & Gabbana’s first jewelry line debuted yesterday in Milan, Paris, and London. The collection will be available in the U.S. next month. [WWD]
• Retail employees are speaking out against early Black Friday shopping. [NYDN]
• Jörg Koch is the new editor of German Interview, which will launch in January next year. [WWD]
• A Fendi bicycle went up for auction at the seventeenth annual ArtWalk benefit in NYC last night. [Stylefile]
• PPR released the first environmental profits and loss account statement for its Puma brand. By 2015, the fashion firm aims to report on the environmental impact of all its brands. [WWD]
• A new invitation-only e-commerce site based in India, Fashion and You, raised $40 million in funding. The figure is said to be the largest invested in the country’s online shopping industry. [Business Standard]
• The Sunglass Hut is setting up a floating pop-up shop in Sydney Harbor. [WWD]