Tod's have confirmed they are seeking a new creative director.
Although the brand claims Derek Lam won't leave his post at the Italian leather goods house until his contract ends in September, they have conceded they are searching for someone who can "commit the necessary amount of time to the success of the brand".
A statement released by the company said: "Following the rumours of an alleged termination of the collaboration between Tod's and Derek Lam, the company confirms that the agreement between the parties is set to terminate on 30.09.12. In the meantime, Tod's is in the process of evaluating its options, considering that, based on the company's future development plans, the role of the creative director of Tod's will be central and even more important. The choice will therefore be directed toward an individual with great creative talent and able to commit the necessary amount of time to the success of the brand."
During his time at Tod's Derek continued to design for his eponymous label which is renowned for its pretty, girly fabrics backed by clean, crisp silhouettes. Signature pieces include raw silk sheath dresses with plunging necklines, wide-leg trousers in various wools and dainty cashmere pea coats cinched with stiff silk belts.
