FASHION Magazine

Karl Lagerfeld gave a SpongeBob SquarePants doll a makeover for a Paris fundraiser for the World Wildlife Fund. The figurine was outfitted in the image of his maker, with Uncle Karl’s signature dark shades and fingerless gloves. [WWD]

Christian Lacroix is in dire straights again. The Ajman sheikh Hassan Bin Ali al-Naimi, who was set to buy the bankrupt fashion house, failed to close the deal in time. The court will decide how to move forward tomorrow—either accepting the current owner Falic group’s restructuring plan or extending the deadline to allow for potential billionaire buyers to pop up. [The Cut]