Unkle K Downsizes

The recession is still taking it’s toll on the fashion industry. This time it’s Karl Lagerfeld that’s feeling the crunch.

Karl’s Director of Global Marketing & PR Beth Shapiro will be saying auf wiedersehen to the company this Friday.

Shapiro said in an email that “the current environment has forced us to downsize”.

Hmm, we thought things were starting to improve.

Wonder who else is getting the boot?

[Image via WENN.]