Thursday, 18 March 2010

Karl Lagerfeld Is Not Leaving Chanel – 18/3/10

Due to mounting speculation that Alber Elbaz will be replacing Lagerfeld, (see yesterday’s MO Down), the luxury label was forced to issue a press release denying the rumour.

The official word is: "Karl Lagerfeld is the creative designer of Chanel and has a long-term contract with the company. Replacing him is not an issue."

Lagerfeld himself denied the same rumour last July. See our July 10 report for his extremely memorable rebuff.

Image of Karl is courtesy of

Who's behind the MO DOWN

Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury,