Is Missoni Launching A Less Expensive Line?

Vogue, along with many others, reported knitwear brand Missoni told The Wall Street Journal it will be launching a lower-priced line. According to Margherita Missoni, "You need to evolve," she toldThe Wall Street Journal. "If you sit for a moment, you're not relevant in fashion anymore."

But now Racked is reporting that this is NOT the case.  Margherita Missoni set the record straight on twitter saying:

Missoni is NOT launching a second line. We already have a second line and it's called M Missoni.

I am so confused!  The Missoni collaboration with Target flew out of the stores.  And while I would not expect another line to be that inexpensive, something right below would be nice...especially for my wallet! 

Related Links

Nike Unveils First Manchester City Home Kit on New York Tour May 22, 2013

Elizabeth McKay Using Quiet Logistics for eCommerce May 22, 2013

Kohl's Names Michelle Gass as Chief Customer Officer May 22, 2013

Converse Launches Comme Des Garçons, 5/28 May 22, 2013

Amazon Publishing Introduces 'Kindle Worlds' May 22, 2013