The Italian brand Hogan, which is part of the Tod's footwear empire, confirmed on Wednesday that it had signed Karl Lagerfeld for a special collection.
The French couturier whose artistic and exuberant pouf dresses propelled him to fame in the 1980s has become the latest victim of the global financial crisis.
In a move that makes him the emperor of designer cool, Renzo Rosso, the owner of Diesel and of hip young denim brands, has taken a controlling stake in Viktor & Rolf, the label of the Dutchmen Viktor Horsting and Rolf Snoeren.