Moschino has announced that after 10 colorful and fun years with Jeremy Scott, he will be stepping down from his position as Creative Director of the brand.

Taking office in October 2013, Scott has led the brand's most vibrant collections, collaborations and fashion shows, as well as being praised multiple times for his playful approach to social commentary and consumerism. Having started collaborations with companies like H&M, McDonald's, The Sims and even London-based streetwear brand Palace, Scott's unique vision has undeniably paved the way for other luxury brands to not take themselves too seriously.

Aeffe S.p.A. "I've been lucky to have the opportunity to work with a creative force like Jeremy Scott," President Massimo Ferretti said in a press release. "I want to thank him for ten years of dedication to Franco Moschino's legacy and for initiating a different and joyful vision that will forever be a part of Moschino history," he said.

"This past 10 years at Moschino has been a wonderful celebration of creativity and imagination," Scott said. he added. "I am proud of the legacy I have left behind. I want to thank Massimo Ferretti for the honor of leading this iconic brand. I also want to thank all my fans around the world who have congratulated me, my collections and my vision because none of this would have been possible without you."

Little is known about what Scott will do next or who might follow in his footsteps, but we're sure everything will be revealed very soon.