Dear Shaded Viewers,
Today both Chanel and Lanvin denied the rumours that Karl Lagerfeld was leaving the house of Chanel and that Alber Elbaz would be taking his place and that Olivier Theyskens would take Alber's place at Lanvin. It came from a good source, obviously not good enough, but it was clearly stated on my site as a rumour, never as a fact. Frankly, I am happy that it was not true, and apologize to all concerned if I caused anyone any discomfort. As stated on Business of Fashion, Elbaz has a significant ownership stake in Lanvin, which as he stated made the rumour hard to believe.
I found Fake Karl's response entertaining:
Sorry to have interrupted construction of the tree house. Rumours are rumours and as such are never meant to be considered as facts. The Houses have denied the rumours so lets just leave it at that.