Loewe, a part of LVMH, announced that Jonathan Anderson would be stepping down as creative director after leading the Spanish luxury brand for 11 years. The statement did not reveal who would succeed the British designer or his future plans, though there are speculations from media sources such as Women's Wear Daily that he might be joining LVMH's Dior. The statement acknowledged Anderson's significant contribution to the remarkable growth of the Loewe brand during his tenure. This designer change is part of a series of recent shifts among luxury brands in a market segment experiencing a slowdown in growth. LVMH did not provide any further comments on the matter.