In the biggest news we've heard all month, rumour has it, according to Business of Fashion, that Dior is set to appoint Valentino's Maria Grazia Chiuri as its new Creative Director, following Raf Simons' departure back in October.
Whilst neither Dior or Valentino have issued official comments, two sources close to the house have confirmed the rumours, with one saying the official announcement "will happen after the July couture show."
If Chiuri is to take the helm at Dior it will mean she is the first ever female to do so in the house's revered 70-year history.
Who then will take the reigns at Valentino with Chiuri's current design partner Pierpaolo Picciolo? The game of designer musical chairs is set to continue for a little while longer yet, with Beyonce's Who Run The World? as the current soundtrack thanks to this historic news. - Elle Timms