A Shaded View on Fashion reports that a major designer shuffle at the world's top houses is about to occur. Rumor has it Karl Lagerfeld did not renew his contract with Chanel. He should quit in 2012. Lanvin designer Alber Elbaz will reportedly take the reigns from Karl at Chanel, and ex Nina Ricci designer Olivier Theyskens will replace Alber at Lanvin.
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