In a statement released Tuesday afternoon, the company said it's looking for someone to replace Lam after his current contract ends on Sept. 30. It made the announcement on the same day that it reported a profit increase of 24 percent from last year, and said it would actively be looking for someone who has the time and energy to fully dedicate himself or herself to the job. The Financial Times posted the statement in full:
"Following the rumors 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 30/9/12. 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."
That last part, about being "able to commit the necessary amount of time to the success of the brand" suggests that the company is on the hunt for a designer who isn't already running a (or in Lam's case, two) successful clothing line.
WWD reported Monday morning that Lam has ended his quiet relationship with Tod's, the Italian luxury goods house, after six years on the job. The story doesn't cite any source in particular, and Tod's had no comment when Fashionologie reached out for more information Monday.
But that's not surprising, considering Lam's employment at Tod's wasn't very highly publicized to begin with. He became the company's creative director in 2006, shortly after he was named a runner up for the CFDA/Vogue Fashion Fund prize in 2005. In September 2010, it was announced that Lam would renew his contract with Tod's for an additional two years. If he really is leaving the company, he'll have missed that mark by six months.
Perhaps the most interesting thing about this story is the suggestion that Lam left Tod's to focus on his own collection. If that's true, he should be primed to do great things in the upcoming seasons; even with the stresses of creating shoes and accessories for Tod's, Lam was already designing his critically acclaimed main line, and he introduced a diffusion line — 10 Crosby — earlier this year.
Gorgeous clothes are only part of the excitement of New York Fashion Week — there are also the creative, cool beauty styles. This year, trends from New York ranged from easy braids at Rachel Zoe to flowing, straight hair at Theyskens' Theory, to giant bouffants at Carolina Herrera. Here are some of the shows that pulled off the trends that everyone will be watching this Fall.
For Fall 2012, designers set the gold standard with gorgeously gilded pieces perfect for any glamour girl. From Prabal Gurung's liquid-looking gown to Rachel Zoe's fur-topped minidress, this precious hue was popping up all over our favorite runways. Watch our full trend report to see all the ways you'll be going for gold come Fall!
Derek Lam's runway show today at St. John's center was worth the freezing trek through wind tunnels. For Fall, Lam mixed his ladylike style with a sportif twist melding chic separates with a menswear twist. Pretty ivory floral satin bomber jackets were paired with pencil skirts and finished off with eye-catching cap-toe ankle boots and metallic loafers. Additionally, there were sharp metallic suit sets, quirky collars, and pleated wide-leg cropped trousers made in wool, leather, and, for a glitzy touch, sequins. Lam's effortless style was also translated into a beautiful array of ivory and black languid silk gowns paired with textural cable-knit sweaters. For outerwear, the designer melded luxury and sport, creating puff jackets and vests adorned with fur collars. More details from Lam's feminine cool collection below.
- Trends: Wide-leg cropped trousers, floral print, bomber jackets, side-slit details.
- Colors: Maroon, black, ivory, dark mustard yellow, gray.
- Key Piece: We loved the ivory cable-knit sweater layered over the fluid silk dress — gorgeous!
- Accessories: Cap-toe leather booties, metallic loafers, floral booties, floral bags.
- Who Would Wear It: Fashion-forward celebs like Diane Kruger and Kirsten Dunst.
Derek Lam is known for crisp, clean style, and for Fall 2012 he mixed in some beautiful florals for a more feminine touch. Check out the menswear-inspired pieces rendered in floral prints, sporty bombers, and lovely floor-length gowns layered under the chicest cable-knit sweaters we've seen in a while.
>> At first glance, Derek Lam's Fall 2012 collection might have looked a little safe. Silhouettes were ladylike and sweetly printed — nothing too tight, too short, too bare, or too loud here. But the devil is always in the details, and, upon closer inspection, these looks were spot-on. The designer worked with some amazingly luxe-looking fabrics — woven cashmere, high-shine leather, printed satin, and metallic-threaded wools — and cut them with a slight sports-inspired slant: a long-sleeve top in cashmere was cut with raglan sleeves to resemble a sweatshirt, and there were several baseball-style zip-ups in floral satin. Lam also injected a bit of slouchiness into the mix — sleeveless cable-knit sweaters with split side seams, and floor-grazing skirts in lush silk georgette — for just a hint of undone cool. All this made for some very appealing, easy-to-wear clothing that, come next Fall, many a girl will be reaching for.