Designer’s departure comes days after announcement that Demna is to join Gucci from Balenciaga

A dizzying round of designer musical chairs in the fashion industry has picked up pace with the announcement that Jonathan Anderson is exiting Loewe.

The 40-year-old designer from Magherafelt, Northern Ireland, transformed Loewe during his 11-year tenure from a sleepy Spanish handbag house into the hottest ticket of Paris fashion week.