In a statement reprinted in Drapers, Dior CEO Sidney Toledano announced today that the French fashion house will dismiss John Galliano as head designer after allegations that he made anti-Semitic remarks emerged last week. [WSJ]

Natalie Portman, who is the face of Miss Dior Cherie perfume, issued a statement saying she was "disgusted" by Galliano's rant and "won't be associated with him in any way." She was expected to wear Dior to the Oscars Sunday, but showed up in a violet Rodarte gown instead. [Racked]

The most recent New York Fashion Week was the whitest it's been in years. [Jezebel]

Brooklyn Industries is opening a store in DUMBO this week and are celebrating with a huge sample sale on March 3rd. [Refinery29]

The YSL Manifesto will be released on the street March 5th to 2,0000 passers-by in Paris, New York, London, Milan, Tokyo and Hong Kong. [T]

Anne Hathaway is rumored to have been paid $750,000 to wear Tiffany's jewelry on the Oscars. [Us via The Cut]

The new V magazine cover featuring Britney Spears has leaked. Tagline: "The Bitch is Back and Better than Ever." [OTND]

Vogue contributing editor Lauren Santo Domingo doesn't wash her own hair. [Fashionista]

Graffiti artist Ozkar Gorgias photographed 12 years worth of his old paint-splattered shoes for his photography piece "12 Years of Graffiti Writing." [Fashionista]

Stephen Colbert made fun of Levi's skinny "ex-girlfriend jeans" for men on last night's Colbert Report. Levi's said the jeans are supposed to represent a man "honoring" his ex-girlfriend's style sense by wearing her pants. This was Colbert's take: "Yes. You're honoring her. By looking like you broke back into her apartment and stole her pants." [Racked]