Parties! The style, stars and scoop from Hollywood's hottest events

Demi Moore and Ashton Kutcher both looked perfect in Prada at a pre-race bash to celebrate the Louis Vuitton Cup in Valencia. Designer Rem Koolhaas transformed the Spanish city's Mercado Central for the bash, held in honor of the Luna Rossa Challenge, Prada's entry into the high-profile sailing race.

—with reporting by Brantley Bardin, Jennifer Muirhead, Marie Suwannukul