Nearly four years after Karl Lagerfeld's death, the question of who will inherit his estate and how much is at stake remains unresolved. It's a subject shrouded in secrecy, much like the designer himself, but Glitz.paris has published a series of scoops that shed light on the topic: from his mysterious accountant to the tax debts preventing his heirs from getting their hands on his assets.
A lesser-known Paris property that the late Chanel artistic director used as a dining hall and reception space has been sold to a family office linked to one of France's leading alcoholic beverage companies.
The German fashion designer's last labour of love, a mansion called the Pavillon de Voisins, was quietly sold a few months ago by the administrator of his estate. The buyer is a family office with close ties to LVMH.
The fashion legend's former apartment on Paris's Quai Voltaire will go under the hammer on 26 March in the hope of speeding up the resolution of his estate. Five years after the designer's death, tax and inheritance issues have left his heirs waiting empty-handed.
Breaking news published on 02/05/23 at 05:00 GMT - As New York's Metropolitan Museum of Art celebrates Karl Lagerfeld's legacy, the late designer's estate is in stasis over hefty tax debts in Paris. The former Chanel artistic director's unpaid tax bills in France are keeping his eight heirs from collecting their inheritance.
Lucien Frydlender, who served as Karl Lagerfeld's financial adviser for 30 years, is a familiar figure in the luxury world, but also one of the industry's most mysterious. As rumours swirl about him, Glitz.paris delves into Frydlender's career and his role in the late Chanel artistic director's estate.
