Tod’s Comments on Derek Lam Split

By Emily Gyben 03/14/12 at 12:00 PM

Photo: Patrick McMullan

Derek Lam

After news broke on Monday that Derek Lam would be leaving his post as creative director of Tod’s, the company has now confirmed the departure—and hinted that it’s far from an amicable split.

“Following the rumors of an alleged termination of the collaboration between Tod’s and Derek Lam, the company confirms that the agreement between the parties is set to terminate on 30/9/12,” Tod’s said in a statement, according to the Financial Times.

“In the meantime, Tod’s is in the process of evaluating its options, considering that, based on the company’s future development plans, the role of the Creative Director of Tod’s will be central and even more important. The choice will therefore be directed toward an individual with great creative talent and able to commit the necessary amount of time to the success of the brand.”

There are no specifics when it comes to the company’s “future development plans,” but the terse statement seems to imply that, according to Tod’s, that Lam wasn’t able to contribute in the capacity that Tod’s expected or needed.

Lam, who also runs his eponymous line and a diffusion line, 10 Crosby, has been creative director at Tod’s for six years.