EXCLUSIVE: Karl Lagerfeld Developing Lower-Priced Line for Macy’s
Just in time for a certain famous Thanksgiving Day Parade comes news that is sure to elicit gratitude among fashion fans: designer Karl Lagerfeld will soon unveil a fashion venture with Macy’s, multiple sources told UnBeige. We hear that the national retailer has inked a deal with the Karl Lagerfeld brand, owned by private equity firm Apax Partners, for an affordably priced ready-to-wear line that will range from jeans to gowns. The new line, slated to launch with a collection for fall 2011, is also expected to include a major online component, with e-commerce as a key distribution channel.
Speculation about the venture has been rampant since early September, when Lagerfeld
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