Lagerfeld says Ghesquiere with Arnault "not bad idea"

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. …