It's official. Stefano Pilati, the long-time creative director of Yves Saint Laurent, has officially stepped down. As we reported earlier this weekend, designer Hedi Slimane will take the position. Pilati plans on dropping his last YSL collection on March 5, but after that, it's unknown where he will end up. Check out a recent interview Pilati did with Vice Magazine in which he speaks on his time at YSL and why "fashion is not fashion anymore."

There is still a vacant job at Dior and Pilati, Raf Simons, and London designer Christopher Kane are all rumored to be up for the position. The fashion world is poised for a shift of power, and only time will tell where everybody ends up. [British Vogue]