The cost of hiring Lindsay Lohan

(AFP PHOTO / LEON NEAL)

According to industry sources, British designer Giles Deacon has been hired as the new creative head at Ungaro, following a long and painful downward spiral at the fashion house.

Young and promising designer Esteban Cortezar exited last year, presumably because he didn't want to work with troubled "it girl" Lindsay Lohan, who in turn was hired to collaborate with the Spanish unknown, Estrella Archs in Cortezar's stead.

What came out of this partnership was a collection shown at Paris fashion week last fall, which was almost unanimously pulled to pieces by the press and deemed a "disaster" by the brand's founder, Emanuel Ungaro (who nowadays isn't involved in the house's affairs).

Since then, Ungaro's CEO, Mounir Moufarrige, Lohan, and finally Estrella Archs all exited - voluntarily or not - with the latter quitting after rumors surfaced concerning Deacon's possible succession.

Now it has been confirmed by trusted fashion journalist, Jason Campbell ( JC Report) via Twitter that Deacon has indeed entered Ungaro's revolving door. First results of this brave man's work will be seen at the upcoming spring/summer shows Paris this fall.