Has Olivier Theyskens Left Nina Ricci?

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The fashion world is abuzz with rumors that Olivier Theyskens has officially left Nina Ricci. These whispers have been around for more than a month, but with Grazia reporting the news they seem to be gaining a little credibility.

Just two weeks ago the designer and the label’s management reiterated their commitment to one another, even going so far as to expand the accessories line. But word has it that Nina Ricci’s spring 2009 collection is failing to sell, and Olivier still remains unconcerned about the fashion house’s bottom line.

This fundamental difference in approach has fueled speculation of a rift. Olivier is known for valuing expensive craftsmanship and creative vision above all else. It’s an admirable goal, but one that isn’t exactly practical in the current economic climate. Let’s not forget this high-spending approach was part of the reason he was let go from Rochas in 2006.

Nina Ricci has not confirmed the departure at this stage, but it might explain why the label’s owner Mario Grauso recently met with Louis Vuitton talent Peter Copping. I guess until that official announcement is made we’ll just have to speculate!

[Image Source: Peter Huys/Stock.xchng]