With London fashion week coming to a close, the news broke that Karl Lagerfeld, head of Chanel and Fendi had passed away at age 85. Lagerfeld's fashion persona remained a stark antithesis to fashion desingers today. While athleisure continues to grow as a trend, Lagerfeld was famously quoted saying "Sweatpants are a sign of defeat. You lost control of your life so you bought some sweatpants." In this podcast, Euromonitor examines high fashion brands Chanel, Gucci and Celine among others and talks about the reverberation of Lagerfeld's death in the luxury fashion industry.