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It seems our gossiping this weekend wasn't completely unfounded. Rumors have been flying around the fashion hemisphere that Christopher Kane is set to take helm at Spanish label, Balenciaga. Whilst this is not confirmed (yet), we have received confirmation that Christopher Kane is set to part ways with Donatella Versace on their joint project, Versus.

The statement from Versus says, "Versus is the young heart, soul and spirit of Versace. Under Donatella Versace's creative leadership, there will be collaborations with young designers, stylists, and creatives from different walks of life, to develop capsule collections, co-branding projects, limited editions. This pool of young creative talents will replace the collaboration with Christopher Kane who will focus on the development of his own line."

Maybe she's putting on a united front, but it sounds to us like Donatella is looking forward to the changes set to come her way, "This is a very exciting development for Versus and I'm thrilled to be engaged in such a major shake up of the fashion world's rules. I want to thank Christopher for his contribution to Versus over six seasons, during which I have been able to appreciate his extraordinary talent. 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. I wish him all the best for the development of his own line. He will always have my total support.'

Christopher Kane himself told WWD, "I am so grateful to Donatella Versace for her support and the incredible opportunities she has given me. I respect her enormously and have learned so much from her. I have loved and appreciated working with her and will always be indebted to her. I am excited about the new Versus strategy, but the time has come to dedicate all my focus to the future of the Christopher Kane label.'

What do you make of the news? Watch this space for any further updates in relation to that Balenciaga rumor...