Karl Lagerfeld to Premier Affordable Handbag Line

What: Karl Lagerfeld joins with Accessory Network Group to produce a line of “affordable” accessories. By “affordable”, I mean one line in the $1000 price range and in the other line in the $350-$800 price range, which is like sooo cheap!

What the fashion heads say: From WWD:

“The bags are expected to bow at high-end department stores and top specialty stores throughout the country and will reach consumers on a broader level than the upscale brands for which he is best known.”

What I say: Karl Lagerfeld may not like fat people, poor people, small children, and people who wear polyester, but he sure does love their money.