Though rumors of fashion great Karl Lagerfeld leaving his post at Chanel have just barely surfaced, the design house has already emphatically denied the claim.

The suspicion began buzzing when Lagerfeld supposedly failed to renew his contract with the company. It was also rumored that Lanvin's creative director Alber Elbaz would replace the current king of Chanel, while ex-Nina Ricci employee Olivier Theyskens would take over at Lanvin.

New York Magazine took it upon itself to ask Chanel and Lanvin about the claims and received a resounding negative to all rumors involved. I'm not sure how the original rumor of Lagerfeld's lack of contract negotiations took off, but I'm still curious whether or not there's some morsel of truth in the matter. After all, despite Karl's feisty personality and work ethic, he is in his seventies now and could be close to retirement.

[Source: NY Mag]
[Image: Siebbi/Flickr]

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