Karl Lagerfeld sells his apartment, which is 2,200-square-foot for a $2 million loss. He never moved in this apartment.
Karl Lagerfeld co-operates with German luxury toymakers Steiff to create the 40cm-high limited edition teddy bears. There will be only 2,500 of these teddy bears and it will costs Â£750 each and pertains a gold version of the signature Steiff button in its ear.
The bears go on sale next month at Neiman Marcus department store in New York.
To have a look of this teddy bear, click here