The British-born designer – who was sacked from French couture house Christian Dior after going on an anti-Semitic rant in a Parisian cafe during which he said he loved Adolf Hitler – has now also been removed from his post at his self-titled business after the board met and decided to eject him.
Christian Dior, which owns 91 per cent of Galliano’s business, has now received expression of interest from a number of companies interested in purchasing it.
The current in-house design team for the brand is being charged with creating a new collection and is already working on a pre-spring collection.
John Galliano’s show at Paris Fashion Week earlier this year was axed at the last minute following the anti-Jewish rant.
Only a small number of editors and buyers were allowed to see the collection, and he was not in attendance.
After the event, Galliano checked into a rehabilitation facility in the US and released an apology for his actions.
He said: “Anti-Semitism and racism have no part in our society. I unreservedly apologise for my behaviour in causing any offence.
“I was subjected to verbal harassment and an unprovoked assault when an individual tried to hit me with a chair having taken violent exception to my look and my clothing.
“For these reasons I have commenced proceedings for defamation and the threats made against me.”