Sooooo, has fake news hit the fashion and movie industry press? Who is telling the truth?

Here's how Lagerfeld said it all went down:

Streep ordered an embroidered gray silk gown from Lagerfeld's most recent collection for Chanel. The fashion house made adjustments to the dress -- including a higher neckline that Streep requested --  but as work was underway at the company headquarters on Rue Cambon, Streep's peeps made a phone call telling them to stop the dress.

While the company was prepared to gift the dress to Streep, Chanel has a policy of not paying for celebrities to wear the brand, he said. And who can argue with that since haute couture can take hundreds of hours to create and customize and can have a final cost in the six or seven figures. In this case, the dress for Streep was 100K euros.

Of course, since the dress is couture, she is still invited to claim it.  "She could keep the dress because of the size," said Lagerfeld. "It's couture. It's perfect for her."

Streep's reps did not respond to WWD's request for comment, but the Hollywood Reporter later ran a story in which an unnamed representative of Streep's denied Lagerfeld's claims and said Streep would never accept money to wear a gown on the red carpet.

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