Fashion: Karl Comes to Conquer

He reinvented an icon at Chanel, but can Lagerfeld now captivate the T-shirt-and-jeans generation?

What do you do when you've scaled the heights of fashion, designing some of the most talked-about collections on runways from Paris to Milan, and you've reinvented such iconic brands as Chanel and Fendi? Well, you come and conquer America, of course. And that's what Karl Lagerfeld, probably the most respected name in fashion, plans to do this week when he hits New York City with his latest venture: a namesake collection for men and women that will be priced far below the four-figure price tags of Chanel.

The line, which offers distressed denim and logo T shirts as well as gauzy evening...

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