Kate Moss is set to become the world's richest model thanks to a lucrative new deal she's about to ink with British mogul Sir Philip Green, shown with Kate above, and TV producer extraordinaire Simon Cowell. The 35-year-old supermodel is joining forces with the two men on a new $1.6 billion global multi-faceted entertainment company. Green owns the Topshop brand which Moss recently collaborated with for a new collection. Moss will direct the style and image of the as-yet-unnamed empire, as well as give fashion-related branding advice, under the terms of the deal which could net her up to $80 million based on profit-sharing arrangements, the London Daily Mail reports. The sum would double Moss' fortune giving her a net worth of about $160 million, the paper notes. In essence the plan is to merchandise the hell out of Cowell's hit TV shows both here and abroad. The prospect of Moss getting involved in the music side of the business has also been floated.

Sad but true: the recession has hit the upcoming Cannes Film Festival in the South of France next month, an international symbol of glamorous excess. Cutbacks are being made everywhere, from ritzy parties to the type of food being served, the AFP tells us. For starters, Vanity Fair has canceled its annual star-studded party, the social highlight of the festival, while the VIP nightclub Jimmy'z lost two key sponsors, Fendi and Swarovski, and Louis Vuitton said it would skip AmFar's big-ticket AIDS charity fundraiser.

"We're experiencing an unprecedented world crisis and it's also affecting the Riviera and Cannes," says Michel Chevillon, head of Cannes' hotel association. "Companies are sending fewer people, for shorter periods." 70% of the area's hotels have frozen their room rates compared to last year, and many are taking bookings for less than the full 12-day period, something normally unheard of at festival time, Chevillon tells the AFP.

Overall attendance at the festival is expected to be down for the first time in decades. "People are afraid it will hurt their image to be seen in a place associated with wealth," Cannes deputy mayor David Lissnard tells the AFP. Yacht charters are also suffering, as brokers struggle to find clients in Cannes' port, where all 60 berths for megayachts were booked up in anticipation. "There's a lot less demand this year for yacht rentals and a lot of pressure on prices," says broker Valerie Ruiz, who rents out yachts up to 200-ft. for the festival.

Luxe City Guides are not your ordinary travel books. In fact, they aren't books at all. They are are beautiful, sleek, accordion-style guides that are small enough to fit in your pocket. These travel and style guides point the discerning traveler to only the best of the best in Asian, European and Australian cities.

From Bali to Tokyo, the guides are packed with personally researched information from city-insiders who know their way around the fashion, food and entertainment scenes. Luxe takes things a step further by including information on services, shops and secrets that you might never find on your own. With Luxe, you are a visitor, not a tourist.

Whether you are looking for the best martini in Istanbul, want to design your own handbags in Hanoi or desire a quiet moment in a secret garden in the heart of Bangkok, Luxe will take you there in style.

The guides are written in an opinionated and irreverent style and are beautiful to look at. With no paid advertising, the Luxe City Guides are updated twice each year with regular online updates.

Buy the guides individually for $9 each, or get a customized boxed set of twelve for $108.

It's hard to say whether the CL Sound Machine is practical, or simply overkill, so I'll let you be the judge. It is a combination iPod docking station, record player, cd player and... wine rack? The triple format audio system is a fantastic idea. Not only does it give you the really interesting, old-fashioned look of a phonograph and the practical ability to play more modern forms of music, but it also allows you to relive some of the classics from the record collection that has been gathering dust in the back of your closet. The question is, is the wine rack necessary? If you have the room and money for this gadget (pricing available upon request), the chances are good that you're going to be able to keep the 12-bottles of wine that the CL holds in another location.

[via SciFi Tech]

Boasting 4-pounds of 24-karat gold plating, the LG 71PY10 plasma-screen TV is not only the world's shiniest plasma screen, but also one of the world's largest commercially available. At an impressive 71-inches, the TV is HD ready and comes with 600W speakers, also in gold, for high-quality surround sound. The only problem with the television is that it might take attention away from whatever is being watched on it. It is available at Harrods and retails for £70,000. For those wishing to make less of a statement with their television, LG also makes an all-black version for £50,000.