After a cumulative 18 years of working under Oscar de la Renta, Laura Kim and Fernando Garcia were considered the obvious choice as the legendary designer's successors. Former Nina Ricci creative director Peter Copping was selected for the role instead. Kim and Garcia branched out on their own, launching Monse almost exactly a year ago at New York Fashion Week to rave reviews; celebrities such as Sarah Jessica Parker and Brie Larson prominently wore the label on the red carpet. In fact, Larson took her victory lap after the Academy Awards earlier this year in an off-the-shoulder velvet pink dress by the de la Renta alumni.

Today, after twelve months of success with their new venture, the New York Times broke the news that Kim and Garcia are returning to the venerable New York fashion house of Oscar de la Renta as creative directors. The pair will divide their time between the two labels, and their first collection for de la Renta will arrive in February 2017 (an in-house design team will present the label's spring collection during New York Fashion Week.)

Laura Kim and Fernando Garcia take their bow at the debut of Monse, September 2015. (Photo by Albert Urso/Getty Images)

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This appointment follows the ousting in July of Peter Copping, who had been at the helm of de la Renta since 2014. That Kim, 34, and Garcia, 29, have been handed the reins of one of the most iconic of American labels is a triumph for young, New York-based designers after some tumult elsewhere – Alexander Wang parted ways with Balenciaga after three years and the marriage between Public School's Maxwell Osborne and Dao-Yi Chow and DKNY was just a little over a year old when parent company LVMH decided to sell the brand.

Unlike them, though, Kim and Garcia's arrival at de la Renta is a homecoming, not a new beginning. Now, we'll just have to wait and see what they do with it.

Related: Peter Copping's best moments at Oscar de la Renta.