Lagerfeld says Ghesquiere with Arnault "not bad idea"

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Chanel's creative director Lagerfeld poses before the opening of his photo exhibition entitled "Little Black Jacket" at the Grand Palais in ParisPARIS (Reuters) – Star designer Karl Lagerfeld said the departure of Nicolas Ghesquiere from Balenciaga as artistic director to create his own brand with backing from LVMH's Bernard Arnault would "not be a bad idea" as the group owned many old labels. "Perhaps Nicolas wants to have his own label, which is not a bad idea," Lagerfeld told Reuters in an interview on Thursday. … USA, LLC OnDeck