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Clare Waight Keller is Givenchy's new artistic director

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Givenchy Clare Waight Keller Riccardo Tisci Chloé LVMH

Designer Clare Waight Keller walks the runway during the Chloe show as part of the Paris Fashion Week Womenswear Fall/Winter 2017/2018 on March 2, 2017 in Paris, France.

After months of speculation, fashion house Givenchy has finally confirmed British designer Clare Waight Keller as its new artistic director.

Philippe Fortunato, chief executive of Givenchy, hints toward a new era of Givenchy. The much talked about Givenchy artistic director position is one of the most lucrative in the industry today.

Waight Keller joins Givenchy after six years as creative director of Richemont's fashion house Chloé, which she joined from Pringle of Scotland in 2011.

Tisci, 43, is credited with reviving Givenchy by cultivating links with a long line of celebrities including Beyonce, Madonna and Kanye West and his wife Kim Kardashian.

Her gift for creating must-have accessories, however, may have been what caught Givenchy's eye. In fact, Reuters originally reported that Waight Keller did not renew her Chloé contract due to the challenges of commuting between London and Paris while parenting her three children.

Givenchy launched the label in 1952 with his iconic Separates collection, which featured lightweight evening skirts and ruffled blouses. A knitwear specialist, Waight Keller brought a feminine, bohemian style to Chloé.

In its 65 years of existence, the house of Givenchy - a brand known for its women's wear - has never had a woman at its helm. Her last collection, Fall '17, had mod peacoats and swingy minidresses, for instance, and if you go back to Fall '12, there's a stunningly simple black column gown Hepburn might have worn.

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