L.A. Reid’s wife Erica saved her friend June Haynes, VP of retail at Valentino, after her bouffant hairdo caught fire at a party at Co-Op in the Hotel on Rivington on Monday night. Guests who were amazed to see Haynes’ hair ignite after she unwittingly leaned into a candle. “She rushed out of the party,” a spy said. “It was a real fire.” The pair attended a dinner party for photographer EJ Camp, whose shots of Debbie Harry, Moby and other New York night-life legends adorn the restaurant’s walls. Designers Patricia Field and Douglas Hannant, Chris Benz, Linda Fargo, Lorenzo Martone and Yaz Hernandez were among those breathing sighs of relief after the hair scare was extinguished.