The Chanel legend also explained why he decided to enter the mid-range market, having worked at the luxury end of the industry as well as launching a collection for H&M in 2004.
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Lagerfeld started his fashion career at Balmain, where he worked as Pierre Balmain's apprentice - an experience that wasn't all positive.
"At Balmain I wasn't crazy about what he did and he wasn't very pleasant," he told US Vogue. "But I said to myself 'you are here to learn, shut up and forget about it.' I thought it was chicer at Dior and Balenciaga, but you can learn there because you are not influenced. You learn not what to do."