Riccardo Tisci, the Givenchy creative director, in New York.

Last week it was reported that after 12 years at the iconic fashion house, Creative Director Riccardo Tisci was stepping away from Givenchy. His departure was ultimately confirmed by WWD. The split was mutual and had been in effect since January 31st.

“The chapter Riccardo Tisci has written with the house of Givenchy over the last 12 years represents an incredible vision to sustain its continuous success, and I would like to warmly thank him for his core contribution to the house’s development,” Bernard Arnault, chairman and chief executive officer of LVMH Moet Hennessy Louis Vuitton, Givenchy’s parent company, stated.

Tisci also added, “I have very special affection for the House of Givenchy and its beautiful teams. I want to thank the LVMH group and Monsieur Bernard Arnault for giving me the platform to express my creativity over the years. I now wish to focus on my personal interests and passions.”

The natural question is what is next for both parties.  Given the well documented trend of designers and fashion houses essentially swapping talent, it will be interesting to see where Tisci lands. Rumors have him headed to Versace. More to come.