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BILLIONAIRE BOYS' CLUB: Have luxury rivals Bernard Arnault and FranAs.ois Pinault finally buried the hatchet? Sources said Friday the men had lunch last week at the invitation of Arnault's billionaire buddy, the Belgian financier Albert FrA[umlaut]res and the economic downturn, rather than airing past grievances, was likely the main item on the agenda. A spokeswoman for Pinault said, "We are not commenting on a private meeting." A spokesman for Arnault also declined comment. The rendezvous garnered full-page coverage in Le Figaro; however, it caught few in Paris by surprise. "They're pragmatic men," said one chief executive at a big fashion house.
CLOTHES CALL: On a break from recording his next album in London, suave British crooner Bryan Ferry donned an understated gray suit to take in Lanvin's show Sunday morning. The singer disclosed he's working on a small venture into apparel, via his Web site. "We can't sell many records any more, so maybe we can sell a few clothes," he said.
BADGE OF HONOR: Jane Birkin took in the HermA[umlaut]s men's show Saturday night sporting a Barack Obama button and a brand new HermA[umlaut]s watch. "I've just bought it. I'm always smashing them," she said with a big smile. The songstress said she'd followed most of Obama's inauguration in a French cafe with a friend drinking endless mugs of hot water, though, and not Champagne. "I'm knee deep in rehearsals for my world tour," she explained.
FRENCH CONNECTION: John Malkovich took in the Wintle show in Paris Saturday afternoon. "I'm here with my friend Evgeny," he said by way of explanation. Evgeny Lebedev , who is Jsen Wintle 's financial backer, is the son of Russian billionaire Alexander Lebedev , who just bought the London Evening Standard. Malkovich said he recently passed through Bordeaux with a touring play. He is fluent in French, having spent years on stage, and residing in southern France.
LES ACTEURS: A handful of French actors turned up at the Emanuel Ungaro show, including Jean-Marc Barr of "The Big Blue" fame. "I don't know many people in fashion, but I like to come when I'm invited," said Barr, who was laying low for a while. He said his 2007 film, "Parc," which is based on a John …