“The problem was Chanel was, when I took over, everyone said don’t touch it - it’s a sleeping beauty. In a way it was - still beautiful but sleeping - because people had tried to redo it with respect. If you want to revive anything you shouldn’t do it with respect because that is the final death. After that it really is over,” said Karl Lagerfeld to Suzy Menkes on Vogue TV. See the whole interview here.
After seeing Chanel's Fall 2010 Ready-to-wear collection I do understand exactly what he means.
On another note: He is so elegant. How does one become as elegant as this man?
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