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Diane told the paper, "I am so grateful for the contributions Yvan brought to DVF and fully support him as he takes the next step in his career. Yvan joined us almost three years ago and has added enormous value. He also put together a highly skilled design team to support our growth both in fashion and accessories."
In a company statement, Mispelaere said, "I came to DVF to help further the brand's mission and create a world-class design team. I am confident we have been able to achieve that during my time with the company...The group is now well-positioned for even greater success, and I am eager to take on my next challenge."
Though there wasn't any information given on why he left, WWD does note one recent new hire. Just three weeks ago, the fashion industry vet Joel Horowitz hopped on board as coc-hairman, and acording to sources, Hororwitz was brought on to "make the firm more ship-shape professionally." There's also talk that "initial public offering or outside investment could be the ultimate goal." Whether that has anything to do with anything is unclear.
DVF won't be replacing Mispelaere; instead, the woman capable of doing one million things at once while never looking the least bit frazzled—Diane, of course—will direct the design team.
Yvan Mispelaere Out as DVF Creative Director [WWD]
· DVF Spring 2013: The Queen Of Fashion Goes High Tech [Racked]