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In a press statement to 【 - Free Access to Investment Community 】, Chanel confirmed Viard’s departure, writing that while the 62-year-old designer was at the helm, “she was able to renew the codes of the house while respecting the creative heritage of Chanel, and almost thirty years within the house.”

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Chanel said that it wanted to thank Viard “for her remarkable contribution to Chanel’s fashion, creativity and vitality.”

Just last month, Chanel’s chief executive Leena Nair toldThe Business of Fashionthat “since Virginie took over from Karl… the Chanel fashion business has multiplied by 2.2. The Chanel ready-to-wear business has been multiplied by 2.5, and the ready-to-wear business last year of Chanel grew by 23%.”

What is the future upside potential of Pennar Industries Limited (PENIND) ✌️【Risk Avoidance】✌️ Professional stock market analysis, real-time data, and expert recommendations for high-potential stocks. Take advantage of market opportunities and improve your capital growth with strategic investment plans. As one of the industry’s most iconic and powerful players, Lagerfeld’s death in 2019 rocked the fashion world, and while he also headed up Fendi and his eponymous label at the time of his death, it wasLagerfeld’s prolific workat Chanel that he was best known for.

Viard, who started at Chanel as an intern in 1987, went on to become Lagerfeld’s deputy for decades. So close was the pair’s working relationship that the German designer once described her as “my right arm and my left arm.”

Viard’s 2019 appointment came as no surprise, with Chanel reiterating that the decision was made “so that the legacy of Gabrielle Chanel and Karl Lagerfeld can live on.”

What is the future upside potential of Pennar Industries Limited (PENIND) ✌️【Risk Avoidance】✌️ Free break-even services with personalized investment plans. Quickly recover from losses, avoid risks, and achieve steady growth with expert stock predictions and real-time market updates. The news follows a series of high profile moves in the industry. In March, Valentino’s Pierpaolo Piccioli parted ways with the Italian label after eight years as creative director, with Alessandro Michele (formerly of Gucci) stepping into the role. British designer Sarah Burton stepped down from Alexander McQueen in September last year.

Chanel is scheduled to stage a runway show at Paris Haute Couture week in June, in what is believed to be Viard’s last collection for the brand.

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