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!