Karl Lagerfeld‘s namesake brand has revealed that it will be expanding its reach to the luxury furniture and home goods category, building on the late designer's love for furniture and unique approach to interior design. The announcement of this new venture follows the auction of Karl Lagerfeld's estate which "revealed that the late designer had enough furniture to fill a museum." Of course, there were many recognizable furniture pieces by famous designers like Philipp Strack and Jean Prouvé.
The announced furniture and HomeGoods collection will draw inspiration from Lagerfeld‘s eye for interior design, contemporary trends in furniture design, and the designer's love for neighborhoods in Paris. In fact, the furniture and home goods capsule is divided into four collections, each named after a neighborhood.
Inaugural Luxury Furniture Brands
Karl Lagerfeld‘s Namesake Brand Announces a New Furniture Line
Trend Themes
1. Luxury Furniture Expansion - Karl Lagerfeld's foray into luxury furniture and home goods presents an opportunity for other fashion designers to diversify their brand offerings.
2. Interior Design-inspired Furniture - Designers and furniture brands can tap into the growing demand for furniture pieces inspired by renowned interior designers.
3. Neighborhood-inspired Collections - Creating furniture collections inspired by particular neighborhoods presents an opportunity for designers and furniture brands to target specific audiences.
Industry Implications
1. Fashion - Fashion designers can utilize Karl Lagerfeld's success in the luxury furniture market to create their own lines of luxury furniture and home goods.
2. Interior Design - Interior designers can extend their reach and create furniture collections inspired by their design aesthetic.
3. Furniture Manufacturing - Furniture brands can expand their offerings by creating furniture collections inspired by specific neighborhoods or partnering with designers to launch new lines.