Fern Mallis, senior VP of IMG - the group at the front of New York Fashion Week - is leaving the company to start her own consultancy firm, Fern Mallis LLC. Yesterday was her last day with IMG, marking the close of an era for both New York fashion and Mallis herself. The former executive director of the CFDA, Mallis has planned New York Fashion Week since the birth of the event 18 years ago.

For Mallis, this isn't an out-of-the-blue change. "When we were planning the move to Lincoln Center, it felt like closure, like the end of the cycle," she explained to WWD. And though IMG Fashion will be Mallis' first new client, we expect big changes for fashion week come September. With a new venue for the shows, and Stephanie Winston Wolkoff taking the new position of Fashion Week director, it's hard telling what we'll see at the next collections.