"Working with Céline has been an exceptional experience for me these last 10 years," she wrote in a statement obtained by WWD. "I am grateful to have worked with an incredibly talented and committed team and I would like to thank everyone along the way who has been part of the collaborations and conversations… it’s been amazing." Rumors of Philo's exit have reverberated, season to season, leading the industry to ask not if it would happen, rather when. It doesn't make today's news any less of a shock.