PPR has announced that Stefano Pilati, the creative director of Yves Saint Laurent, is set to leave the company.

The luxury goods firm today (27 Feburary) said Pilati will show his final collection on 5 March in Paris, and that the brand will announce a new creative director in the coming weeks.

"Pilati, who since 2004 has stood at the creative helm of the maison and has been instrumental in the rebuilding and repositioning of an iconic French luxury brand," a statement said. "Under Stefano's guiding vision and artistic direction, the house has become a contemporary reference in high fashion."

There have been rumours that he will be replaced by Hedi Slimane, the ex-head of design at Dior menswear, according to Reuters.