Olivier Theyskens X Theory

It is official ladies and gents. The idea of high fashion being packaged for the masses is here to stay. With the news Olivier Theyskens has designed a capsule collection for the moderately-priced brand, Theory, the fashion gods have heard their followers' cries for high-end fashion at reasonable prices.

Granted Target and Kohls along with other major retailers said "deh" before; however, this is most relevant because Olivier Theyskens is known for high fashion, giving us Nina Ricci Fall 2009 (does anyone remember the towering shoe?).

I'm sure many of us are looking forward to what he has in store for the Theory capsule. My only question is, will the price points still be obtainable or will they be curtailed due to his inclusion? Only time will tell. What Olivier has to say about the collection? Apparently, he's been waiting for the chance: "For a long time, I've been looking for a way of working with affordable fashion....Also, I've always been hoping that my friends can buy what I design." Nevertheless, this definitely a step in the right direction.

Karl Lagerfeld Denies Rumors About Leaving Chanel

After an uproar in the fashion world regarding Karl Lagerfeld rumored to be leaving Chanel soon, all rumors have finally been put to rest.

Diane Pernett, writer of www.ashadedviewonfashion.com, stated recently,“This is not a fact until you officially read it somewhere else but rumour has it that Karl Lagerfeld will not renew his contract at Chanel and that Alber Elbaz will take his place and Olivier Theyskens will take Alber’s place at Lanvin…Nothing is engraved in cement, these are still just rumours you will have to wait and see.”

While we have all wondered when the fire would burn out of Lagerfeld's creative direction for Chanel it seems as though it won't be anytime soon.

Pernett posted an apology on her website saying, "Today both Chanel and Lanvin denied the rumours that Karl Lagerfeld was leaving the house of Chanel and that Albert Elbaz would be taking his place and that Olivier Theyskens would take Albert's place at Lanvin. It came from a good source, obviously not good enough, but it was clearly stated on my site as a rumour, never as a fact. Frankly, I am happy that it was not true, and apologize if I caused anyone any discomfort."

Lesson to learn here: Maybe it's not such a good idea to post bombshell rumors regarding some of the biggest names in fashion if they, themselves, have not confirmed or released the information first. I doubt Pernett will be posting any outrageous claims in the near future.