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Chanel: Lagerfeld is in it for the Long Haul, No Successor Planned

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Chanel issued a statement yesterday denying the rampant rumors that Alber Elbaz would succeed Karl Lagerfeld as creative director of the legendary fashion house. "KL is Chanel's creative director and has a long-term contract that is by no means reassessed," a representative told Relaxnews. "His succession is not on the agenda."
· Today in Recycled Rumors: Alber Elbaz to Succeed Karl at Chanel [Racked]