The designer, who helms the luxury fashion houses Chanel and Fendi, as well as his own label Karl Lagerfeld, will be awarded the honor for his "unrivalled contribution to the fashion industry" at the event's London ceremony on November 23, the British Fashion Council (BFC) has revealed.

With a career spanning over five decades, Lagerfeld is particularly famous for his tenure at Chanel, which has transformed the classic French house into a global superbrand.

"Karl Lagerfeld defines outstanding. He is the champion of excellence, the master of the exceptional and one of the most iconic figures globally from our industry," said BFC Chairwoman Natalie Massenet.

Previous winners of the award include Vogue editor Anna Wintour and shoe designer Manolo Blahnik.

Source: AFP Relaxnews | Photo by AFP Photo / Niklas Halle'n