It's clearly a busy day for designers. Famed luxury shoe designer, Manolo Blahnik has debuted a new postcard inspired -- appropriately enough -- by shoes. His is one of several cards crafted by designers including Diane Von Furstenburg and Giles Deacon. The cards are available by auction here with proceeds going to Comic Relief charity, Flying Start. Betsey Johnson and Karl Lagerfeld are keeping busy, too. Read more on today's Blay Report...

Zandile Blay
Oct, 08, 2010

post-card-475-1.jpg Could King Karl be quitting? That's what indie fashion blog, Fashionologie, is reporting. According to the site, Lagerfeld plans on leaving Chanel upon his 30th anniversary with the house next year. If so, insiders are buzzing that Lanvin designer, Alber Elbaz might replace him. Speaking of replacements, there's an interesting new one at Betsey Johnson: Steve Madden! The footwear designer now has full ownership of the Betsey Johnson brand, after taking on nearly $60 million in debt that Johnson's company had built. The good news for Johnson? She will continue to make all creative decisions for the labels. Coach's president and executive creative director, Reed Krakoff, also has something to celebrate. His newly launched clothing line, named after himself, has been picked up Saks Fifth Avenue.