LAGERFELD LINE TO SKIP OCTOBER SHOWS IN PARIS
PARIS — The Karl Lagerfeld company confirmed Friday it would not have a show here during fashion week next month, but said it would produce a collection for spring-summer 1998 for a new Lagerfeld store.
That shop, which the designer has said would include a gallery and perhaps a bookstore, is to open on the Left Bank by March. A spokeswoman said the site was not yet final.
In June, as reported, the designer announced he was buying back his company, Karl Lagerfeld SA, from Vendome Group for a symbolic one franc. With this deal near completion, Lagerfeld is keeping part of his staff, and they eventually will be moved to new offices near the store.
The buyback does not include the real estate for the current Lagerfeld store on Rue du Faubourg St. Honore or the headquarters offices near Place de la Madeleine. It does include Lagerfeld’s licensing pacts, however; the designer has about 20 such agreements.
After the existing Lagerfeld store closes at the end of the year, it reportedly will become a Cartier store.