I know we’re in a worldwide recession, but I was still sort of stunned to read yesterday (Hahaha–how mad is WWD that it got scooped by the NY Times on this story??) that Chanel has plans to layoff 200 workers. There’s so much fantasy and aura that surrounds Coco & Co. that in my mind it’s akin to the North Pole and Santa’s Workshop. I mean cheez, is Old Saint Nich gonna announce elf layoffs next???

The articles money quote (which was pulled from a WWD article)? When Karl denies reality by stating: “Today, everyone can say that something is for financial reasons when they want. For me, artistic reasons are more important.” Okaaaaay, hun, keep living in that dream world (and I mean that sincerely!)
