Diane von Furstenberg is set to go forth sans Co-Chairman, Joel Horowitz. “We joined forces in 2012 to strengthen the DVF infrastructure and find the perfect CEO," said Furstenberg and Horowitz. Moreover, "in April, we accomplished that by bringing Paolo Riva on board. We are proud of the strides we have made and look forward to seeing the company continue to thrive upon the foundation we have built.”

While sources speculate that Horowitz actually left the House of DvF earlier this year, the reasoning behind the departure is circling on the fact that perhaps a public offering was intended but never came to fruition. However, Horowitz is credited with strengthening the brand's retail, wholesale and licensing operations.

His next move is still to be announced.