Karl Lagerfeld, fashion designer and creative director of the House of Chanel – among other luxury brands – died in Paris on Tuesday. Mukti Khaire, studies the business of creative industries, including fashion at Cornell University’s SC Johnson College of Business and Cornell Tech. Her book Culture and Commerce: The Value of Entrepreneurship in Creative Industries” details the ways artistic worth is converted to economic value. Khaire, who interviewed Karl Lagerfeld as background for a case study titled: “Coco Chanel: Creating Fashion for the Modern Woman,” says Lagerfeld was wildly creative but also understood business.
