TOD'S CREATIVE DIRECTOR ALESSANDRA FACCHINETTI IS STEPPING DOWN

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Photo: Vittorio Zunino Celotto/Getty Images

A little over three years since Alessandra Facchinetti replaced Derek Lam as the creative director of Tod's, the Italian brand announced Thursday that the designer is stepping down from her role. She presented the brand's first ever runway show in September 2013. 

"I have given much consideration to this decision; we came to this conclusion after a thoughtful conversation and I wish Alessandra all the best for her future endeavors," said Tod's Group CEO Diego Della Valle in a statement. He thanked her for her contributions and for "presenting a show not to be missed in Milan." Facchinetti added: "I will now focus on other projects that I have put aside in order to be able to achieve Tod's strategies." 

In November, the Tod's Group purchased Roger Vivier's trademark for €415 million, roughly $441 million, after being linked through a licensing agreement for years and joining its stable of other brands: Fay, Hogan and the namesake label known for its footwear and leather goods. The Tod's brand saw sales increase 5.5 percent in 2015 to €599 million, about $683 million.Apparel sales only accounted for 6.5 percent of the Group's overall business. 

Facchinetti has worked for almost every major Italian luxury brand. She succeeded Tom Ford at Gucci before becoming the creative director at Valentino and has also worked for Miu Miu and Moncler. Della Valle hired her to "take the women’s line in a new direction, [including] accessories, advertising," as she told Fashionista in 2013. Joining Tod's required Facchinetti to end her partnership with Pinko, with with she launched acontemporary collection called Uniqueness in 2011 that was early on the "see now, buy now" strategy: every piece was available to purchase online directly after the runway show. 

Tod's spring 2016 collection. Photo: Pietro D'Aprano/Getty ImagesTod's spring 2016 collection. 

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