Karl Lagerfeld is starting a hotel chain

Karl Lagerfeld is no stranger to entrepreneurship. In the past he's started his own newspaper, created a $3000 art kit and had a Barbie designed in his honour. His latest venture is in the world of luxury accomodation. 

Karl Lagerfeld Hospitality is set to design hotels, as well as residential properties, clubs and dining establishments. Starting with a bang, his first project will be a hotel in China, which is rumoured to boast a six-star rating and 270 rooms.

More info on the company's website.