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Karl Lagerfeld Retires!

Karl Lagerfeld Retires!

Today is a sad day in fashion: Karl Lagerfeld announced he's retiring. I guess all the rumors were true indeed. He will show his last Chanel Couture collection in July in Paris. It remains to be seen who will replace him — perhaps Lanvin's Alber Elbaz? — and whether or not he will also retire from Fendi and his namesake line.

To hear the statement Chanel made about Karl's exit,

.

April Fools! Did you really think Kaiser Karl would ever retire? Like Chanel recently said, he's going nowhere. Phew!

Source: Getty
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