The French designer was synonymous with striped sweaters and Left Bank insouciance.
The music star had launched the collection last February during New York Fashion Week.
Cuts may be coming to Condé Nast.
Early next year, the Procter & Gamble Co.-owned brand plans to relaunch a revamped and edited collection to both mass and prestige retailers.
The actress interviewed the designer in front of an auditorium full of people Wednesday night at Lincoln Center.
The campaign began as a submission to a contest run by the CFDA/Vogue Fashion Fund.
Lauder made a double debut on both sides of the Atlantic to celebrate the launch of her new fragrance collection.