Whilst some consumer magazines face closures and cut backs, design houses and retailers are just getting in to the game. American fast fashion store Forever 21 has announced plans to launch a publication this week and Chanel are not far behind. The French design house are working with Purple magazine's Olivier Zahm who is the art director of the glossy to be titled 31 Rue Cambon (which is the location of the first Chanel boutique.)
Meanwhile, whilst rumours of Karl Lagerfeld's retirement won't go away, he spoke out to explain why he isn't leaving just yet. "Retirement is not one of the topics with which I deal. Why should I? I still have so many projects that I sometimes don't know where to begin. Chanel will still need clothes when I'm 89."
Coco Chanel worked until the year of her death in 1971 and Karl has been heading up the fashion house for 27 years! Do you think it's time he considered passing on the reigns to someone else, like Alber Elbaz or Marc Jacobs?