Rumors have been rife that Nicolas Ghesquiere, Creative Director of Louis Vuitton, might be following the lead of his industry peers and leaving the label he is currently helming. Amid the ensuing flurry of confusion and “not-again”s, the French label has finally stepped forward to put an end to all that hearsay. Ghesquiere’s contract with Louis Vuitton will only expire in November 2018. This means we’ll still see him with the Maison for at least a good two years more.

All that gossip was not entirely unfounded, however. In a TV interview dated from June, Ghesquire expressed his desire to start his own label, even going as far as to state that he would soon be in a position to work on that – except no one knew soon translated to 2 years in Ghesquiere’s mind. Adding fuel to the fire, LVMH CEO Bernard Arnault himself has even suggested that he’s considering a change of Creative Director at Louis Vuitton, with Jonathan Anderson of Loewe his man of choice. Throw the rampant phenomenon of revolving doors (yet again) plaguing the industry into the formula, and the fashion world is thrown into a state of mild panic. How can we live without Nicolas Ghesquiere at the head of Louis Vuitton?

If recent happenings are any indication, we fashion people will manage, especially since Ghesquiere still has two more years left in his tenure. We’re not going to take our Creative Directors for granted anymore, what with their ephemeral presence.

This article was written with information from Business of Fashion.