>> Corroborating rumors that first popped up last August, Hermes announced today that Jean Paul Gaultier is leaving his post as creative director of the brand.
"After seven fruitful years of creative partnership, Hermès and Jean-Paul Gaultier artistic director of women’s ready-to-wear, have decided to bring to an end their collaboration allowing Jean-Paul Gaultier to concentrate on his own projects," read the release. "The spring-summer 2011 collection to be revealed in October 2010 will be the last collection created by Jean-Paul Gaultier for Hermès. Hermès is deeply grateful to Jean-Paul Gaultier for his outstanding creative contribution during these seven years.”
Who's replacing Gaultier? »
Lacoste creative director Christophe Lemaire has been tapped to replace Gaultier starting with the Fall 2011 Hermes collection, and Hermes will remain a 45% shareholder in Gaultier's eponymous brand.