Karl Lagerfeld, the kaiser of the fashion industry, continues to deny that his contract at Chanel will expire in 2012.
What's more, he also denies that Alber Elbaz, widely believed to be his successor, will follow him into the legendary office on rue Cambon.
“I have a contract for life so it all depends on who I would like to hand it to. At the moment I’d say Haider Ackermann,” Lagerfeld has told Numéro magazine.
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