This is what happens to prodigal designers who out-price themselves. After failed negotiations (Oscar wouldn’t front the money John Galliano wanted) Oscar de la Renta is reportedly looking for a new creative director, one who will work with Oscar for now, then take over when the 81-year old retires.

Galliano didn’t make the cut, but names like Prabal Gurung and Olivier Theyskens (the designer who currently oversees Theory) have been thrown into the hat. Jason Wu’s name was on the list too, until he accepted a gig with Hugo Boss last year.

Prabal’s red carpet style is a great fit for Oscar… and Olivier’s been at Nina Ricci  — beautiful dresses are what both designers do.

Good luck to both.

Prabal Gurung

Olivier Theyskens