Don't Miss:

Soon you won’t have to save up for Chanel or Fendi to get a piece created by Karl Lagerfeld. Following the successful launch of his capsule collection for Macy’s, in which every piece cost under $170, the designer announced he’s launching his own lower-price line named Karl. ”I just want not too expensive clothes that people may like and want to wear,” he told WWD. The collection will include accessories, denim, leather, vests, cocktail dresses, and more for $95 to $450, and will launch exclusively on January 25th at net-a-porter.com (click here to sign up for updates). Tell us: Will you put the Karl line on your wish list?

Plus, look back at Karl Lagerfeld’s complete line for Macy’s in the gallery.

What do Karl Lagerfeld and Madonna have in common? Beyond a shared love of couture and all things fabulous, Lagerfeld, like Madonna before him, is designing a lower-priced line for Macy’s. His yet-to-be named capsule collection will be sold in 250 Macy’s stores and online starting in September 2011. While sure to generate long lines at Macy’s stores come next fall, the collection isn’t a surprise to those who follow the Chanel designer—Karl alluded to a diffusion line when he opted not to show his signature collection during Paris fashion week, saying he was working on a masstige ready-to-wear line. But Lagerfeld is only the beginning. Once he kicks things off, Macy’s will feature a new lower priced designer line every two months starting in February 2012 with former John Galliano employee Kinder Aggugini, followed by Vivienne Westwood, Paul Smith, Calvin Klein, Costume National, and Versace!