FILE - In this June 19, 2017, file photo, designer Diane von Furstenberg speaks during an interview in her office in New York's Meat Packing District. On Friday, Dec. 15, 2017, the fashion house founded by von Furstenberg announced its chief creative officer, Jonathan Saunders, is stepping down. Saunders joined DVF in May 2016. The news comes as von Furstenberg, who remains as chairman, is reportedly looking to sell an equity stake in the company. (AP Photo/Richard Drew, File)
December 15, 2017 - 11:00 AM
NEW YORK - The fashion house founded by Diane von Furstenberg says its chief creative officer is stepping down.
Scottish designer Jonathan Saunders had joined DVF in May 2016. His last collection for the company is the pre-fall 2018 collection, presented earlier this month, and his departure is effective immediately.
Von Furstenberg, known for her iconic wrap dress, said in a statement Friday that Saunders will "leave an important and lasting heritage to the brand."
The news comes as von Furstenberg, who remains chairman of DVF, is looking to sell an equity stake in the New York-based company that she founded in 1972, according to a recent report from Women's Wear Daily, a fashion trade publication.
News from © The Associated Press, 2017