The name Valentino brings one thought to mind - gorgeous red-carpet dresses! The iconic fashion brand celebrated its 50th anniversary last evening by launching a new flagship store in Beverly Hills. Stylish stars, including Nicky Hilton, Kim Kardashian, and Rachel Zoe came out to fete the new store on Rodeo Drive. Watch today's Fab Flash to see our favorite looks from the soiree. On Allison McNamara: Rebecca Taylor dress, Belle Noel bracelets.

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