70-Something Designers Have A Hard Time Letting Go

03/18/2010 05:12 am ET | Updated May 25, 2011

As designers become more and more established in the fashion industry, crafting creations for the catwalk might become second nature, but real life off the runway still takes its toll--in the form of old age. Giorgio Armani, Ralph Lauren, Karl Lagerfeld and Oscar de la Renta are a few of the famous faces that are growing older and questions are already being asked about who will succeed them in their positions.

Ralph Lauren and Oscar de la Renta didn't provide any information about their futures, but Chanel came to bat for the 71-year-old Lagerfeld, telling Reuters, "his succession is not on the agenda."

"Karl is not ready to pass on the torch," said Jean-Jacques Picart, fashion adviser to Bernard Arnault, head of the world's biggest luxury group LVMH.

Armani, in particular, who has been suffering from Hepatitis, leaves many wondering about who will take the helm. Reuters reports that he is grooming a select few but wouldn't reveal any names.

"Of course I am not eternal, there comes a time when you must hand it over," Armani said in October.

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