Lanvin‘s Alber Elbaz will be stepping down as the label’s Creative Director after 14 years in the top job.
The news of the departure comes via a statement made to the Business of Fashion, with prior reports citing a breakdown in the relationship between Elbaz and Lanvin’s owner Shaw-Lan Wang and Chief Executive Michèle Huiban. This could be a contentious report though as it was quickly followed by an Instagram post from Lanvin of Alber with actress Meryl Streep at an event with the caption: “We love you Alber!”
The Israeli designer joined the label in 2001 and is widely credited for transforming the French fashion stable into the global luxury brand it is today. Elbaz himself is believed to have a 10 percent stake in the Lanvin empire which is speculated to have kept him in the top job for so long.
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Given that Elbaz was the Creative Director of all Lanvin lines including accessories, menswear and womenwear, his departure could mark a whole new direction in Lanvin’s men’s line. Lucas Ossendrijver is the Creative Director of Lanvin Homme and he could either leave with Elbaz or take on the top role.
For now not much else is certain except for Lanvin’s healthy profit margins – the company made an estimated revenue of US$321 million in 2014 and is looking for more support from major luxury groups to accelerate it to the next level.
Elbaz’s departure follows closely after the departure of Dior‘s Artistic Director, Raf Simons last week.
[via Business of Fashion]