Amidst rumors of a possible sale, Sonia Rykiel’s creative director Julie de Libran has left the French fashion house.

De Libran has been with Sonia Rykiel since 2014. Following her departure, the label’s design team is going to be reorganized. The loss-making company, which is owned by Fung Group’s investment arm First Heritage Brands (formerly Fung Brands), also announced that it is looking for a new investor to increase its development.