Phoebe Philo and Céline are to continue their long and fruitful collaboration. According to WWD, employees of the fashion house, controlled by luxury giant LVMH Moët Hennessy Louis Vuitton, were reassured this week that the designer and the company are remaining together.

Rumours began circulating last week suggesting that Philo was planning to announce her exit from the brand after eight years at the helm.​ An internal memo sent around the company acknowledged that these reports were based on “rumours, not truths”, according to WWD.

Philo joined Céline in 2008 after a three-year hiatus and almost single-handedly brought minimalism and realism back to fashion. She also unfurled an array of hit handbags that made the brand a powerhouse in the leather goods category, catapulting sales beyond half a billion euros, according to market sources.

The next Céline show is scheduled for March 6 in Paris.