• GQ anointed Jared Leto as 2011’s worst dressed man, for looking “extravagantly terrible all year long.” [GQ]
• Cotton prices have dropped to 86.4 cents a pound, from the year’s highest price of $2.12. Manufacturers and retailers are adjusting their inventory levels, as they are accustomed to the industry norm of 65 cents. Here’s to keeping our underwear polyester-free through 2012, and beyond. [WWD]
• Kimora Lee Simmons covers the new issue of Harper’s Bazaar Singapore. [Design Scene]
• And this is how Anna Dello Russo spent her Christmas — dancing with Santa, a puppy, and a smoke machine. She’s wearing a custom Fausto Puglisi dress and Giuseppe Zanotti shoes. [StyleCaster]
• Florence Welch wore head-to-toe Chanel to open the Harrods sale in London this morning. [Stylist UK]
• WWD reports that Brunello Cuccinelli will go public next spring, with an IPO in Italy. [WWD]
• Fendi partnered with a manufacturer to create a stroller, pram, and baby carrier, which will be embellished with the brand’s “F” logo. [WWD]
• The Hollywood Reporter mistakenly ran a photo of Band of Outsiders designer Scott Sternberg accompanying a story on a TV producer’s (also named Scott Sternberg) failed attempts shopping an interview with “tot mom” Casey Anthony. [NYP]
• Another Kardashian collaboration: this time from the family’s two teens, Kendall and Kylie, who’ll be designing a new jewelry line. [StyleWatch/People]
• Both Scoop NYC and Intermix are opening boutiques in California. [WWD]