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Chanel designer Karl Lagerfeld talks about the luxury market, his cat and why money is no longer a motivation.

Plus Lesley Curwen talks to Sunny Wong, boss of Chinese company Trinity which has taken over the blue-blooded British tailoring firm Gieves and Hawkes. And the archivist at Gieves and Hawkes, Peter Tilley, shows Lesley around the company's historic collection, which includes letters from the British commanders, Nelson and Wellington.

Plus Guy Salter, deputy chairman of Walpole, the voice of the British luxury industry looks at prospects for luxury markets in the next year.