After over a decade of work with this company Elbaz is leaving due to disagreements with the owner and CEO of the company. The decision for Elbaz to leave was made by the majority’s shareholder and confirmed by Elbaz, according to reports.
1. Elbaz Has Been With Lanvin For 14 Years and Has Said he Would Never Leave
Elbaz is credited with bringing new life to Lanvin in 2001 after their period of decline and has said several times that he would never leave the company. He is known for his,”technical skill and innate sense of what women want to wear,” according to New York Magazine.
Elbaz expressed his gratitude for the company and all the people he has worked with in a statementtoday:
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.
When Meryl Streep presented Elbaz with the Superstar Award at Fashion Group International Night of Stars event just last week, he expressded his frustrations with the fashion world.
And we designers, we started as couturiers, with dreams, with intuition, with feeling, we thought, What do women want? What do women need? What can I do for a woman to make her life better and easier? How can I make a woman more beautiful? That is what we used to do. Then we became “creative directors,” so have to create, but mostly direct. And now we have to become image-makers, creating a buzz, making sure that it looks good in the pictures. The screen has to scream, baby. That’s the rule. And loudness is the new thing. Loudness is the new cool, and not only in fashion, you know….And I’m not against technology; I’m embracing technology. I love newness. I respect smart design. I love smart people. I love most good people; people with heart. I believe that the biggest change in fashion will come because of technology and with technology. But the real evolution — not revolution — will happen when tradition and know-how, and human touch, and beauty, and newness, and technology, will become one.
2. Elbaz Had Disagreements With the CEO and Owner of Lanvin
He emptied his office on Tuesday and when colleagues were notified of his leaving on Wednesday, many were in tears and demanded an explaination for the company’s future plans.
They were also told they will have to complete the collection without him.
3. This News Comes Just Days After Raf Simons Announced He is Leaving Dior
Based entirely and equally on my desire to focus on other interests in my life, including my own brand, and the passions that drive me outside of my work…I feel a lot of people are questioning. We have a lot of conversation about it: Where is it going? It’s not only the clothes. It’s the clothes, it’s everything, the Internet.
And so far his prediction is correct, Elbaz is leaving his Lanvin position shortly after Simons’ announcement.
Fashion is by definition a reflection of what is going on in the world. We live in a moment of total disruption as our tools change and the speed increases. Everyone is surfing a tsunami, trying to understand how to deal with waves of so much information, so many images. As always when in periods of change, clarity and quality become imperative.
4. There Are Rumors Elbaz Will go to Dior
According to the Business of Fashion, Elbaz is in the perfect position to move to Dior as the artistic director with his experience and the departure of Raf Simmons just last week.
According to Elle, speculation of Elbaz moving to Dior is inevitable, but the designer is expected to make a statement later tonight or tomorrow about leaving the company and what he plans to do next.
5. He is Expected to Receive a Large Payout From Lanvin
Elbaz has a stake of at least 10 percent in Lanvin and is expected to receive a significant payout from the company, possibly as large as Nicholas Ghesquière’s $42.3 million payout after his departure from Balenciaga in 2012, according to Business of Fashion.
Lanvin’s estimated revenue in 2014 was about $321 million, but their growth has begun to slow because, according to market sources, Lanvin owner Shaw-Lan Wang is demanding prices that are too high.