By Meghan Blalock
Nov 19, 2012 @ 3:46 pm
Vittorio Zunino Celotto/Getty Images

After three years with Versace's diffusion line, Versus, Scottish designer Christopher Kane will be parting ways with the Italian fashion house, effective immediately. "I want to thank Christopher for his contribution to Versus over six seasons, during which I have been able to appreciate his extraordinary talent," the line's creative director, Donatella Versace, said in a statement. "Working with young talented people, and seeing them grow and develop as I have seen Christopher do over these years, is one of the most rewarding parts of my work." The brand added that it will be headed in a new direction, creatively, focusing on its digital growth and hiring yet-to-be-named "young designers, stylists, and creatives from different walks of life" to collaborate on capsule collections, co-branding projects, and limited editions. According to the statement, Kane will now focus on his own eponymous line—much loved by Kate Middleton, among others—but rumors have been swirling that he might take over Parisian fashion house Balenciaga in the stead of Nicolas Ghesquière, who left earlier this month, though representatives at Christopher Kane have called the rumors "unfounded." Stay tuned...

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