Diane Pernet is reporting a rumor in Paris that Karl Lagerfeld is out at Chanel and that Alber Elbaz is in. The rumor says that Olivier Theyskens will take over Lanvin. Freak out. Waiting to hear confirmation/denial… http://dianepernet.typepad.com/diane/2009/06/fashion-rumour-karl-did-not-sign-his-contract-rumour-has-it.html
