05/15/2010 05:12 am ET | Updated May 25, 2011

Karl Lagerfeld To Be Replaced By Alber Elbaz?

Although Karl Lagerfeld claimed he would never retire, rumor has it otherwise. thinks that Lanvin designer Alber Elbaz will soon take Kaiser Karl's helm chez Chanel.

Grazia's guess comes after street style blogger Tommy Ton posted two suspicious Tweets during Paris fashion week:

I received some news tonight that is going to SHAKE the fashion world in the next two days. CRAZY!!!!
4:18 PM Mar 9th via web

I can't tell. I swore I'd zip the lip but I'll tell you my mouth nearly dropped to the ground when the news was whispered into my ear
4:34 PM Mar 9th via web

Chanel-related or not, we can't wait to hear the jaw-dropping news.