Live Streaming... The S/S 2025 Fashion Shows
Lanvin was really great with clothes. One of the few big fashion house where the clothes weren't outrageously expensive.
This talk about burnt out designers is ridiculous. These designers have teams working for them, they have support. And the bigger the the company the more support. And that's not to mention they are getting paid MILLIONS of dollars to do these jobs.
businessoffashion.comPARIS, France — Alber Elbaz is stepping down from his position as the creative director of Lanvin after 14 years in the job, a spokesperson for the label has confirmed to BoF. The Israeli designer, who joined the brand in 2001, was responsible for transforming the once-ailing French couture house into a well-developed, global luxury label with his playful and feminine designs.
The break between Elbaz and the brand is said to have followed disagreements between the designer and Lanvin’s owner Shaw-Lan Wang and chief executive Michèle Huiban, though minutes after this report was published, the brand’s official Instagram account posted an image of the designer with actress Meryl Streep at Fashion Group International's Night of Stars with the caption: “We love you Alber!"
Lanvin employees were summoned to a company-wide meeting in Paris this afternoon to discuss the news, while members of Elbaz’s design team were informed of the decision earlier this morning.
It is widely reported that Elbaz has a stake of 10 percent or greater in Lanvin, which has no doubt played a role in keeping the designer at the house for 14 years. But the report of Elbaz’s departure casts doubt as to whether this was enough to retain him.
In 2014, Lanvin had estimated revenues of 250 million euros (about $321 million) but the brand’s once-rapid growth has slowed and it is widely believed that the label needs additional support — such as that offered by a major luxury group — to take the business to the next level. However, market sources say owner Shaw-Lan Wang is demanding too high a price, which may have frustrated Elbaz.
Nonetheless, Elbaz will surely receive a significant payout from Lanvin, echoing Nicholas Ghesquière's departure from Balenciaga in 2012. Ghesquière received $42.3 million for the sale of his 10 percent stake in the business.
Elbaz’s exit from Lanvin places him in prime position for the post of artistic director of Dior, left open by the departure of Raf Simons last week.
Update 7:00 pm GMT on 28 October, 2015:
It has just emerged that Alber Elbaz was fired from his position as creative director of Lanvin in what the designer called "the decision of the company's majority shareholder," referring to Lanvin’s owner Shaw-Lan Wang.
In a statement signed by the designer, Elbaz writes: "At this time of my departure from Lanvin on the decision of the company's majority shareholder, I wish to express my gratitude and war thoughts to all those who have worked with me passionately on the revival of Lanvin over the last 14 years; express my affection...