The Latest: LVMH CEO pays tribute to Karl Lagerfeld

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PARIS (AP) – The Latest on the death of fashion designer Karl Lagerfeld (all times local):

2 p.m.

Bernard Arnault, the chairman and CEO of luxury house LVMH, says the world has lost “a creative genius” with the death of Karl Lagerfeld.

In a statement released by LVMH, Arnault says “we owe him a great deal: his taste and talent were the most exceptional I have ever known.”

Lagerfeld, Chanel’s iconic couturier, died on Tuesday.

“I will always remember his immense imagination, his ability to conceive new trends for every season, his inexhaustible energy, the virtuosity of his drawings, his carefully guarded independence, his encyclopedic culture, and his unique wit and eloquence,” Arnault said.

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1:20 p.m.

Chanel’s iconic couturier, Karl Lagerfeld, whose accomplished designs as well as trademark white ponytail, high starched collars and dark enigmatic glasses dominated high fashion for the last 50 years, has died. He was around 85 years old.

Such was the enigma surrounding the German-born designer that even his age was a point of mystery for decades, with reports he had two birth certificates, one dated 1933 and the other 1938.

Chanel said Lagerfeld died early Tuesday.

Lagerfeld was of the most hardworking figures in the fashion world holding down the top design jobs at LVMH-owned luxury label Fendi from 1977, and Paris’ family-owned power-house Chanel in 1983.

Lagerfeld’s designs quickly trickled down to low-end retailers, giving him an almost unprecedented impact on the entire fashion industry.

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FILE – In this Feb. 14, 2014 file photo, fashion icon Karl Lagerfeld poses for photographers in front of his books prior to the start of an exhibition at the museum Folkwang in Essen, Germany. Chanel’s iconic couturier, Karl Lagerfeld, whose accomplished designs as well as trademark white ponytail, high starched collars and dark enigmatic glasses dominated high fashion for the last 50 years, has died. He was around 85 years old. (AP Photo/Martin Meissner, File)
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