The 82-year-old Lagerfeld, who has been leading the label since 1983, is reportedly tired and finally ready to give up the never ending grind. The German born Lagerfeld has famously said he would never retire, telling Vogue just four years ago, “Why should I stop working? If I do, I’ll die and it’ll all be finished.”
Lagerfeld retains a lifetime contract with Chanel that includes say so over his successor. It’s well established he is a big fan of Slimane, whose skinny trousers Lagerfeld has said motivated him to lose weight.