If we're going to talk about fashion metamorphoses, we can't overlook Chloé. That would be like talking about chocolate and not mentioning Godiva. Like many fashion houses, Chloé has changed hands several times, but what makes it stand out is its desirable roster (Karl Lagerfeld in the late '60s, Stella McCartney in late '90s, and Phoebe Philo from 2001-2006). Many fashion insiders, including myself, were shocked by the recent announcement that creative director Paulo Melim Andersson was being replaced by former assistant director to Valentino, Hannah MacGibbon. The reason behind the split is unknown, though some attribute it to a difference of opinion over where the brand should be headed.

To hear more about Chloé's fashion metamorphosis and to see more runway pictures, read more