Lagerfeld stays at Fendi

Karl Lagerfeld has struck a new deal with LVMH Moet Hennessy Louis Vuitton SA whereby he stays on as creative director at Fendi. LVMH said the cooperation with Lagerfeld had been "renewed and strengthened". The company did not reveal the terms of the deal. In the past, Lagerfeld and LVMH have disagreed on management at Fendi.