Every year the rumors surface about Karl Lagerfeld’s named successor at Chanel, only to be shot down almost immediately by the fashion house.  Why would they want to alter the right formula?  Each season the 70 year old designer manages to update the iconic label just enough that it is coveted by young Hollywood, yet remain grounded in its history that it still appeals to socialites and ladies who lunch.  That is a delicate balance, and Lagerfeld has found a blend of perfection.  The brand still carries the same notability it enjoyed during the years of Coco Chanel.  This video simply highlights the designers achievements.