Calvin Klein has today announced that beloved womenswear creative director Francisco Costa and menswear creative director Italo Zucchelli are both exiting the company, as part of its new strategy to "unify all Calvin Klein brands under one creative vision." Costa has been at the helm of womenswear since 2003; Zucchelli, in charge of the men's collections since 2004.

"This creative strategy marks the beginning of another significant chapter in Calvin Klein's brand legacy since Mr Klein's retirement," CEO Steve Shifman says in the brand's statement. "I would like to thank Francisco and Italo for their unwavering commitment to the Calvin Klein brand and their accomplishments over the past decade."

The news adds further fuel to fervent speculation that former Dior creative director Raf Simons could re-emerge at Calvin Klein - the brand has repeatedly declined to comment when asked about Simons in recent months, while today's statement simply says the new creative director will be announced "in due course." WWD reports it is believed Simons has signed a non-compete with LVMH, which is up at the end of the northern hemisphere's summer. And fashion's favourite game of musical chairs continues... 

Francisco Costa and Italo Zucchelli are leaving Calvin Klein