NICOLA FORMICHETTI is rumoured to be joining Diesel, following yesterday's news that he is leaving Mugler where he held the role of creative director. A spokesperson for the Italian denim label could not be reached this morning.

Confirmation of the collaboration is expected to be released shortly, WWD reports. Formichetti - who was hired at Mugler in September 2010 - is known for his work as a stylist, as well as in design.

"I wanted to do something else, even bigger, more global," Formichetti said of his reasons for leaving the label. "I really hope that the audience has enjoyed what we have done and appreciated our push to democratise high fashion, not only through the enjoyment of clothing but also through a total, inclusive fashion experience."