Jeremy Scott is stepping down as creative director of Italian luxury house Moschino, after 10 years of wild and wacky fashion shows and his elegant dressing of numerous celebrities.

The company made the announcement on Monday.

“Scott has penned a fundamental chapter in the legacy of the brand with his fearless and show stopping pop-camp style and incisive humour – true to the renowned codes of the House,” the company said in a statement.

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Angela Bassett at the Oscars (Jordan Strauss/Invision/AP)

The US designer took over at Moschino in October 2013 with a ground-breaking autumn/winter collection that, according to the statement, “launched a thousand debates on the role of fashion in the annals of art, consumerism and social commentary”.

He has put out collections that focused his pop culture and tongue-in-cheek lens on Barbie, aliens and Ronald McDonald. Katy Perry, Madonna, Rita Ora and Zendaya are among the celebrities who have worn his creations.

Most recently, he dressed a handful of A-listers for the Oscars, including putting Angela Bassett in a standout custom ultraviolet hand-draped gown with a huge bow neckline.

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Gwen Stefani and Jeremy Scott in 2019 (Charles Sykes/Invision/AP)

Massimo Ferretti, chairman of Moschino parent Aeffe S.p.A., thanked Scott for “ushering in a distinct and joyful vision that will forever be a part of Moschino history”.

Scott called his years at Moschino “a wonderful celebration of creativity and imagination”.

He said he was proud of his legacy. He thanked Ferretti along with “all my fans around the world who celebrated me, my collections and my vision”.