Chanel

What happens to a fashion brand when the founder leaves? Or, to be more direct, what is Tom Ford without Tom Ford? That was the question hovering over Milan last month as the brand held its first runway show since the famed designer stepped down in April. The man on the marquee wasn't even in attendance; apparently bad weather left him stuck in London (there was a little thunder the day before, so it's plausible, if unconvincing). The House of Ford arrived with an enormous splash in 2006, creating enormous hype through its hyper limited, hyper expensive apparel, which Ford and business partner Domenico de Sole spun into obscenely lucrative accessories and perfume licensing deals.

Monday night marks the fashion calendar’s most overrated, overcovered event: the Met Gala. Each year it’s the same. The outfits are underwhelming (unless they’re worn Rihanna). The publicity stunts are boring. Its political outbursts are predictable and hypocritical. Most disappointing, the theme of this ultimate costume party is either uninteresting, completely ignored or both. But Monday promises something different, or at least above average. Its theme is “Karl Lagerfeld: A Line of Beauty,” in tribute to the late fashion design icon, who revived Chanel and made it one of the greatest houses, and businesses, in Paris. An exhibition examining the work of Lagerfeld will run at the Met from May 5 to June 16.