Alistair Carr has stepped down from his role as design director at Pringle of Scotland, WWD reports. He replaced Claire Waight Keller just over a year ago, charging in with big plans to "overhaul" the brand with "modernised" knitwear and the addition of footwear and bag lines. However, the label continued to lose money under his leadership and was so far in the red at the end of 2011 that its owners injected a $16.5 million bailout of sorts. Pringle CEO Jean Fang rep tells WWD that Carr's departure was "a mutual decision," and all design duties will be handed over to the label's existing in-house team. Meanwhile, the label seems to be retreating back to its roots: Fang says that moving forward, they'll do presentations focusing on traditional knits instead of splashy runway shows.
Carr won't leave immediately, as he still has some loose ends to wrap up at the label: This June, he'll show his spring 2013 menswear collection in London and resort 2013 collection in New York. He'll also continue his work on the Pringle-sponsored exhibit “Princess Grace: More Than an Image,” at the Nouveau Musée National de Monaco.