Hot on the heels of rumors that Nicolas Ghesquière may be exiting Louis Vuitton (which has been vehemently denied by the French luxury brand) comes another shockwave to the fashion industry: after less than two years at the helm of Oscar de la Renta, Peter Copping has decided to call it quits.
Unlike other recent designer departures, Copping’s choice appears to be personal in nature. In a statement released to the press, Copping stated, “Personal circumstances require me to return to Europe. I have loved my time in New York where I hope to return at some point in the future.” When Copping was announced as de la Renta’s successor, the choice resonated with fans of the well-loved American luxury brand. Copping’s long tenure at Nina Ricci assured everyone that he had the skill to carry on the de la Renta legacy, and indeed he honored the name of the house’s late founder with lovely, feminine collections – although some of them received mixed reviews.
At this time, it does not appear that Copping’s performance or the brand’s financial health had anything to do with his abrupt decision to leave, and any clues as to the reasons behind his departure currently lead to a dead end. The future at Oscar de la Renta remains uncertain as CEO Alex Bowen scrambles to find a replacement. Rumor has it that Fernando Garcia and Laura Kim of the label Monse might be offered the highly coveted position, which places Oscar de la Renta on equal footing with brands like Gucci and Balenciaga who turned to relative unknowns to lead their companies in new directions.
Stay tuned to Savoir Flair in the coming weeks as we continue to track and report the story.