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Contrary to ongoing reports, Karl Lagerfeld is no longer involved in the Isla Moda fashion island project. News of the man-made island's creation first appeared back in 2008, when Lagerfeld initially agreed to participate in the project. Now a spokesperson for the label tells us that due to the financial crisis the owners of the island were forced to postpone the project. As a result of this the French designer withdrew his involvement, putting "an end to his collaboration with Isla Moda's owners."

Despite this, recent renderings of the island in Dubai were featured in New York Magazine, perhaps to show that things are under way again, just without Lagerfeld's involvement.