He’s gone high-end with Chanel and low-end with H&M, but can Karl Lagerfeld produce a fashion collection that appeals to middle Americans? We’ll find out August 31.

SAVE ON CHIC | It’s kind of funny to think that Karl Lagerfeld, one of the most influential fashion designers in modern history, the face of Chanel, a man defined by his elitism and snobbery, most likely invented diffusion fashion—clothing lines by top fashion designers for inexpensive off-the-rack shops. Lagerfeld’s groundbreaking 2004 collection for low-end fashion house H&M, every piece of which sold out worldwide in under 60 minutes, unleashed an army of copycat courtiers itching to collaborate with mass-market retailers on low-cost apparel lines, starting a trend that continues unabated. Read more