Fashion designer Kim Jones is leaving luxury group LVMH's Dior Homme brand, the label said on Friday, capping a seven-year tenure in the latest of a series of high profile designer reshuffles as the industry faces its slowest growth in years.

The designer, who recently stepped down as artistic director of Fendi, is now a free agent, leaving the industry eager to see his next move.

The designer has overseen menswear at the house for the past seven years.