Blake Lively has quickly ascended through the fashion ranks to become a coveted face of Vogue (two covers), favorite of Christian Louboutin, and now chosen by Karl Lagerfeld as the new face of Chanel. Blake will be featured in Chanel's spring handbag ad campaign, reports E! Online's Marc Malkin.

This choice is fitting as Lagerfeld has long championed a mix of younger stars like Keira Knightley and Lily Allen, as well as more established faces like Nicole Kidman and Ines de la Fressange.

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