Peter Copping has left Oscar de la Renta.

Peter Copping

Peter Copping

The creative mastermind has quit his role as creative director for the luxury fashion house after spending two years at the helm of the brand following the death of the company's founder in 2014.

The news was declared in a statement from Peter, which has been issued by the brand.

Peter - who showcased his first clothing line for the label in February 2015 - said: "After almost two years at Oscar de la Renta, personal circumstances require me to return to Europe. I have loved my time in New York where I hope to return at some point in the future."

Despite the loss of a member of the creative team the designer label intend to continue designing their upcoming collection.

Oscar de la Renta's chief executive officer, Alex Bolen, said: "We have always been in the business of creating clothes and two of our greatest assets are our design studio and atelier. Our team will continue to work on next season's collection with a keen focus on the level of sophistication and craftsmanship that are the hallmarks of our house."

And there are no bad feelings towards Peter for his sudden decision.

Alex continued: "We wish Peter well in his future endeavours."

Meanwhile, the late designer and Peter are rumoured to have shared an interest in the same materials, methods and they would both pride themselves on releasing a large number of garments for the company during their time, which saw Oscar exhibit 70 trends on the runway, whilst Peter showcased 55 in his debut catwalk show.

And Peter has hinted he strived to continue the legacy of Oscar de la Renta and designed garments in keeping with his predecessor's vision for the brand.

Speaking previously about launching a see-now-buy-now runway collection, he said: "All of these are interesting things to debate, but it has to be right for the house.

"It's a difficult thing to put into work logistically, and probably far easier for the really big ... companies with a huge network of stores."