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Rumors have been circulating for a while now: Lanvin's Alber Elbaz to replace Karl Lagerfeld at Chanel. Well, once and for all, Chanel is shooting down the talk. "Karl Lagerfeld is the creative designer of Chanel and has a long-term contract with the company. Replacing him is not an issue," a Chanel spokesperson said. Remember, Karl once said he will die with his boots on. But do you think Elbaz would be a good replacement if that day comes?