News Updates: Project Runway Finds New Home, US Preppified For Olympics, And More..

 Project Runway will no longer be seen on Bravo, having just signed a deal to appear on Lifetime for the next five seasons. [EW] 

Polo Ralph Lauren will be the official outfitter of the United States for the upcoming 2008 Olympic Games taking place in Beijing. [WSJ]

Kate Moss tops the latest best-dressed list of women put out by Glamour Magazine. Last year's winner was Kylie Minogue. [LATimes] 

Banana Republic opened its first BR Monogram Collection store yesterday in New York, with prices up to 40% higher than normal Banana Republic clothing. [WWD]