Can't afford that Chanel clutch or Fendi handbag? Don't worry. Karl Lagerfeld announced a new line of handbags and leather goods under his own name that should be a digit or two cheaper than the work he does for the big guns. We imagine he'll do some fingerless gloves, but beware -- those matching pink Lee Press On claws cost extra. [via WWD]
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Can't afford that Chanel clutch or Fendi handbag? Don't worry. Karl Lagerfeld announced a 
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