Facing a $44 million operating loss and sales predicted to fall 19% this year, Versace will cut 350 jobs or 26% of its workforce. According to Bloomberg.com the Italian fashion house plans on an internal revamp which includes cutting overhead and closing stores in Japan among other plans. With a new business plan Versace has set its sight on profit for 2011.

Ouch! The continued layoffs break my heart. On the brightside Versace will continue to grace us with the beauty Donatella.

Gallery info: Donatella Versace shopping at The Fashion Mall in Rio De Janerio, Brazil on October 24, 2009.

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It was a glamorous night in New York City last night. The 2009 Whitney Museum Gala took place and it was star studded. We brought you photos of a sparkly and golden Lindsay Lohan attending the event earlier, but there were many more glamourous women than Lindsay in attendance.

It's hard to believe Jennifer Hudson gave birth to a bouncing baby boy two months ago, as she showed off her post-baby body in a pale pink floor-length Versace dress.

Donatella Versace also opted for a very similar color, but her gown had a metallic-looking bodice, which matched the metallic theme that many of the celebrities sported.

Taylor Momsen had some problems on the red carpet with her thigh-high split floor length gown, but once she got the gown under control, all was well. She does love those fishnets and dark eye makeup.

Also attending the event were Alexa Chung, Chanel Iman, Charlotte Ronson, Leigh Lezark, Mischa Barton (who looked pretty stunning and totally with it), Lake Bell, Lisa Edelstein, Nigel Barker, Gerard Butler, Candice Bergen and Shakira.

Launch the gallery to check out all the red carpet fashion from the event.

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Janet Jackson looked gorgeous on the red carpet as she attended the amFAR (Foundation for Aids Research) event at the La Permanent during Milan Fashion Week last night.

The singer posed with designer Donatella Versace who Janet is a big fan of. The designer designed outfits for the entire Jackson family to wear at Michael Jackson's public memorial this summer.

Donatella threw a huge dinner part for 150 family and friends earlier in the evening, including Janet, 43, and her beau Jermaine Dupri.

Janet recently praised the fashionista in an interview, saying: 'Donatella is just a sweet, nurturing woman.'

Also in attendance were Linda Evangelista, Chanel Iman, Kanye West, Amber Rose, Dita Von Teese, Rachel Bilson, Alek Wek, Nicole Chavez, Roberta Armani, Dean and Dan Caten.

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If you've ever wondered how much it would cost to get a kiss from a vampire, Robert Pattinson has put a price tag on that shit and is selling it to raise money for amFAR's annual Cinema Against AIDS event in Cannes.

An auction for kisses from the 23-year-old Twilight star resulted in two bidders paying $20,000 for a single smooch from the bed-head-sporting star. But just as quickly as he was appeared, he's now gone. The actor has now made his way to Italy, where production for New Moon is taking place.

Of his first time at the Cannes Film Festival, RPattz told People magazine, "I'm been working every day this week so it's pretty exhausting, but it's just as glamorous as I expected." Let's hope the kisses turn out as glamorous as expected.

Gallery Info: Gallery Info: Robert Pattinson, Sharon Stone, Eli Roth, Diane Kruger, Josh Hartnett, Kerry Washington, Dita Von Teese, Donatella Versace, Emile Hirsch, Lily Cole, Kenneth Cole, Michelle Yeoh, Harvey Weinstein, Joshua Jackson, Danny Glover, Annie Lennox, Bill Clinton, Hayden Panettiere and David Furnish at the amfAR Cinema Against AIDS Show at the 2009 Cannes Film Festival.

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It was a glamor-fest at the amFar Cinema Against AIDS event. We showed you Robert Pattinson arriving earlier, dressed up in a tux and here are a bunch of ladies in their Cannes Film Festival finery. The lovely Diane Kruger and handsome Joshua Jackson were by far the most gorgeous couple in attendance.

Dita Von Teese, in true burlesque fashion, showed off the silhouette of her shapely legs under her A-line shaped dress. Paris Hilton was super-shiny in her long gown and tiara. Good ol' Victoria Silverstedt was delightful in a crazy black dress swathed around her thin, orange body. She had the boobies strapped down tonight, seeing as how it was a respectable event.

Elizabeth Hurley was a vision her angelic periwinkle floor-length gown while Sharon Stone was looking quite elegant in her asymmetrical black dress that showed off an impressive slice of leg.

Gallery Info: 50 Cent, Sharon Stone, Victoria Silvstedt, Hayden Panettiere, Elizabeth Hurley, Georgina Champamn, Robert Pattinson, Diane Kruger, Joshua Jackson, Stefano Gabbana, Eva Herzigova, Domenico Dolce, Dita Von Teese, Melanie Laurent, Zhang Zilyi, Claudia Schiffer, Paris Hilton, Doug Reinhardt, Peaches Geldof, Josh Hartnett, Elsa Pataky, Robin Wright Penn, Eli Roth, Annie Lennox, Kenneth Cole, Verne Troyer, Denise Rich, Donnatella Versace, Thomas Kretschmann, Lily Cole, Eva Green, Emile Hirsch, Brianna Domont, Zoe Saldana, Marion Cotillard, Kerry Washington, Mike Myers and Danny Glover at the amfAR Cinema Against AIDS event at the Cannes Film Festival.

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The comedian took to the pulpit in front of the crowd of famous faces. Sykes teased President Barack Obama about the numerous shirtless pictures of him in the media, his basketball games and managed to touch upon issues of race and politics with an edge that only Wanda can deliver.

Girlfriend did not pull any punches and I'm not doing them justice here in this blog post. You'll have to watch them for yourselves.

It was an impressive array of celebrities in the audience, but none whose smiles were bigger than the President and First Lady Michelle Obama.



Click the continue reading link below to view the second part to the video.

Gallery Info: Tom Cruise, Katie Holmes, Barack Obama, Michelle Obama, Wanda Sykes, Demi Moore, Ashton Kutcher, Chace Crawford, Matthew Settle, Tyra Banks, Kyra Sedgwick, Kevin Bacon, Steven Spielberg, George Lucas, Miranda Cosgrove, Glenn Close, Matthew Modine, Brad Hall, Julia Louis Dreyfus, Jon Hamm, Jennifer Westfeldt, Bradley Cooper, Eva Longoria, Gordon Ramsey, Ludacris, Kal Penn, Kyle MacLachlan, Mariska Hargitay, Al Sharpton, Richard Belzer, Kristi Yamaguchi, Amber Tamblyn, Whoopi Goldberg, Alicia Keys, Dwayne Johnson, Donatella Versace, Jon Bon Jovi, Katie Couric, Dule Hill, Elizabeth Banks, BJ Novak, Meghan McClain, William H. Macy, Felicity Huffman, Christian Slater, Rashida Jones, Ed Westwick, Amy Poehler, Will Arnett, Jason Wu, Barbara Walters, Sting, Trudie Styler, Natalie Portman, Samuel L Jackson, Biz Markie, Connie Britton, Padma Lakshmi and Forest Whitaker at the 2009 White House Correpondents Dinner.

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It was quite a dazzling array of celebrity faces on the red carpet for the 2009 MET Costume Institute Gala in New York City. Kanye West and his fellow fashion-loving girlfriend Amber Rose stepped out in traditionally elegant outfits. Amber chose a bright red strapless dress that hugged her curves, while Kanye kept it simple in his black tux.

Actress Lake Bell also did it up in a tux, but it's our humble opinion that Rihanna wore it better. Maybe if Lake had lost the hat.

Holy crap, Ed Westwick got himself some bronzer and hair gel! The Gossip Boy was looking good! Very sleek with his sexy tiger eyes. His sexy photoshoot partner Helena Christensen went for a less traditional look. I'm going to call it "Boozy Ballerina," but since she's a model, she works it better than a mere mortal would.

Check out all of our 2009 MET Costume Institute Gala coverage here!

Gallery Info: Anna Wintour, Andre Leon Talley, Bee Schaffer, Steven Cojocaru, Carla Gugino, Jessica Stam, Karolina Kurkova, Shalom Harlow, Donald Trump, Melania Trump, Emmy Rossum, Cindy Crawford, Marisa Tomei, Helena Christensen, Lake Bell, Elizabeth Hurley, Rachel Weisz, John Galliano, Marion Cotillard, Kanye West, Amber Rose, Bruce Willis, Emma Heming, Leslie Mann, Judd Apatow,  Brooke Sheilds, Winona Ryder, Hilary Swank, Ciara, Kate Beckinsale, Elizabeth Banks, Rose Byrne, Molly Simms, Selma Blair, Ric Ocasek, Paulina Porizkova, Elizabeth Hurley, Agyness Deyn, Billy Joel, Katie Lee Joel, Bono, Ali Hewson, Claire Danes, Rory Culkin, Renee Zelleweger, Miranda Kerr, Bradley Cooper, January Jones, Emma Stone, Donatella Versace, Allegra Versace, Ed Westwick, Karen Elson, Jack Black, Arun Naya, Kerry Washington, Josh Hartnett, Jesse McCartney, Justin Bartha, Chanel Iman, Flavia de Oliveria, Milla Jovovich, Brooklyn Decker, Lauren Hutton, Michael Kors, Maggie Rizer, Thalia, Amber Valetta, Kiefer Sutherland, Claudia Schiffer, Hugh Dancy, Claire Danes, Lauren Bush, David Lauren, Alek Wek, Rosario Dawson, Iman and Kim Raver at the 2009 MET Costume Institute Gala Red Carpet.

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If anyone can get in between these two women it's Donatella Versace. The women are attending the Campari Club, 2009 Campari Calendar launch at La Permanente in Milan, Italy.

Jessica Alba was there to promote the calendar, we showed you some of her Campari Calendar shots yesterday, Donatella was there to drink all the Campari and Allegra Versace was there because her mother dragged her to the event.

Click any photo to view all 20+ photos of Jessica Alba, Donatella Versace and Allegra Versace in the gallery!

Lindsay Lohan and Madonna recently showed up at Madge's New York premiere of Filth and Wisdom looking like a slightly different version of the same person. Both sported cat-like eyes, weathered faces and signature long, wavy, blonde locks. It's either a testament to Madonna's dedication to maintaining her youth, or Lindsay's hard living that it's not immediately apparent that one woman is old enough to be the mother of the other.

The faces of the extremely famous are worshipped for their unique characteristics, but sometimes when stars go out of their way to show off their signature features, it becomes all too apparent that they're not as original-looking as they might think they are.

Click on any photo to check out the full gallery of Seeing Double: Celebrity Lookalikes which includes 12 sets of celebrities!

Photos: BauerGriffinOnline

And who's looking quite haggard? Find out after the jump.