Belgian designer Glenn Martens was named creative director of the Paris fashion house Maison Margiela, taking over the position from John Galliano.

Versace could return to Italian hands with Renzo Rosso, but the private equity fund Permira and Marco Bizzarri (former CEO of Gucci) are also in the running. In the meantime, Stella McCartney regains her independence from LVMH,