Tod’s has finally spoken! They just released a rather brief statement that seems to confirm Derek Lam will leave his position of creative director – but not until his contract expires at end September. In fact, the statement is so brief, and frankly weird, I’m going to reproduce it in full here:

“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. 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.” Read more