Rumour

Ok, this rumour is spreading fast:

Karl Lagerfeld won't be renewing his contract with Chanel. Wait, there is more. Alber Elbaz will be the Kaizer's successor, meaning he's in turn leaving Lanvin. Icing on the cake? Olivier Theyskens will be taking his place (at Lanvin). What a triangle.

Nothing has been confirmed just yet, however, here's one of his latest interviews where he takes Harriet Mays Powell through what may be his last collection for the legendary fashion house (Chanel AW09).

Look out for the quote: "It's a stupid idea but, you know, best ideas are stupid". Can't help but love Lagerfeld interviews.