Photo: FRANCOIS GUILLOT, AFP/Getty Images

Cue the Boyz II Men!

Eccentric Belgian designer Martin Margiela has officially come to the end of the road with his eponymous fashion house Maison Martin Margiela, which has decided not to appoint a successor, WWD reports.

Instead, executives tell the source that the Paris-based label -- famous for sending faceless models and hoof-like footwear down the runway -- will be run by a team of designers.

"We want to stay avant-garde, and provocative, but without a new creative director," Giovanni Pungetti, chief executive officer of Maison Martin Margiela, told WWD.

"It's a challenge. We know this. We will probably make mistakes, but the most important thing is to learn from them.

"We came to the conclusion that we didn't want to substitute [Martin], not because he is irreplaceable, but because we are the Maison Martin Margiela.

"He always liked to say to his design team, 'You are more Margiela than me.'"

While the mysterious Margiela has yet to issue a statement himself, rumors abound that the designer -- who famously avoided being seen in public -- was leaving the fashion world to pursue painting, sources say.

The fashion world had spent months speculating about Margiela's scaled-back role in the company, with designers Raf Simons and Haider Ackermann reportedly being considered as replacements.

According to Pugnetti, Margiela will continue to be "allied" with the fashion house, which, according to the paper, anticipates future opportunities in the interior design as well as fashion.

Cheer up, Margiela fans. It could be worse -- they could have brought in Lindsay Lohan!

For more on envelope-pushing fashions, check out these bizarre shoes from Fashion Week.