After 14 years at the helm of Lanvin, Israeli designer Alber Elbaz, who steered the company from troubled waters to its current status as an internationally acclaimed luxury label, is stepping down. It appears the move was made by Lanvin's majority stakeholder Shaw-Lan Wang following disagreements between him and Elbaz, who has released this statement:

"At this time of my departure from Lanvin on the decision of the company's majority shareholder, I wish to express my gratitude and warm thoughts to all those who have worked with me passionately on the revival of Lanvin over the last 14 years; express my affection to all my wonderful colleagues in the Lanvin ateliers who accompanied me, and who enriched and supported my work. Together we have met the creative challenge presented by Lanvin and have restored its radiance and have returned it to its rightful position among France's absolute luxury fashion houses.

I also wish to express my profound and deepest gratitude to all of the clients and friends, to the French and international press and to all those business partners who collaborated with Lanvin, providing us with support since 2001.

I wish the house of Lanvin the future it deserves among the best French luxury brands, and hope that it finds the business vision it needs to engage in the right way forward."

The announcement comes not quite a week after Raf Simons' announced his departure from Dior, catapulting the major French fashion houses into another round of musical chairs. Speculation is rife that Elbaz will step into the coveted position left by Simons - but if the last few days are any indication, who knows what changes the next week could bring. 

Breaking: Alber Elbaz is leaving Lanvin

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