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That was fast: Nicola Formichetti is rumored to be headed to Diesel after announcing his split from Mugler. When WWD finally tracked the former creative director down yesterday, he said he left because he "wanted to do something else, even bigger, more global." The trade reports that he's "expected to shortly reveal a major collaboration with Italian denim giant Diesel." Neither Formichetti nor Diesel has commented. Stay tuned. [Page Six]