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>> Karl Lagerfeld Responds to Rumors of Chanel Retirement —Yesterday evening, Cathy Horyn asked Karl Lagerfeld about the veracity of the rumors that he might be stepping down at Chanel and be replaced by Alber Elbaz of Lanvin: "Mr. Lagerfeld said to forget about it. He was going to die with his boots on. He also mentioned that Alain Wertheimer, whose family owns Chanel, said he would sell the house when the designer leaves. This might not be the case, Mr. Lagerfeld said, but it was a nice thing to be told." [On the Runway]

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