Karl Lagerfield did not renew his contract with Chanel. He will be replaced by Alber Elbaz who designed for Lanvin. Karl Lagerfield is the most fashionable man on Earth and at 75 he's still coming out with amazing things. This is all rumor so it might not be true, and I wouldnt be worried about Chanel under Alber Elbaz because Lanvin is an amazing brand (especially the sneakers).
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