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Lanvin has announced that Artistic Director Olivier Lapidus will step down from his role after two seasons with the brand.

Olivier Lapidus

Lapidus joined the 129-year-old French fashion label in July 2017 as Artistic Director, replacing Bouchra Jarrar, who took over the role from Alber Elbaz. The son of the famed French designer Edmond Lapidus had plans to make Lanvin “a French Michael Kors,” according to Business of Fashion, but the plans have been cut short possibly due to the label’s change in ownership or his collections’ unfavorable responses from fashion’s true influencers.

The label’s in-house design team will oversee the women’s collections as Lanvin searches for Lapidus’ successor. In addition, Joann Cheng, Fosun Fashion Group President and Lanvin Chairman of the Board, will serve as Interim CEO, and Lanvin General Manager Nicolas Druz will serve as Managing Director of Fosun Fashion Group.

These announcements come one month after Chinese conglomerate Fosun International acquired a majority stake in the label from Harmonie S.A. led by Taiwanese magnate Shaw-Lan Wang. The company also has investments in Italian label Caruso, American knitwear brand St. John, Hamburg, Germany-based label Tom Tailor, and Greek label Folli Follie.

Perhaps Lanvin can bounce back under the leadership of Fosun International. The label has struggled since the departure of Alber Elbaz, who exited his role in October 2015 over disputes with then owner Wang.