Meryl Streep apparently won't be wearing Chanel to the Oscars on Sunday. Designer Karl Lagerfeld tells Women's Wear Daily that Streep ordered a dress from his most recent collection for the fashion house, with one adjustment, to wear to the Academy Awards—then changed her mind. A rep for Streep called and said, "Don’t continue the dress. We found somebody who will pay us," Lagerfeld claims. Chanel won't pay celebrities to wear its clothes. "We give them dresses, we make the dresses, but we don’t pay," he said, adding that the dress in question is worth $105,000 and that Streep "could keep the dress because of the size. It's couture. It's perfect for her." He added, "A genius actress, but cheapness also, no?"
Streep's camp, however, quickly denied the story, telling the Hollywood Reporter it's against Streep's "personal ethics" to be paid to wear a particular dress on the red carpet. "This is a completely untrue story," a Streep rep tells E!. "Ms. Streep would NEVER wear anything in exchange for payment." (Read more Meryl Streep stories.)