Photos: Giuseppe Cacace / Getty Images (Simons); Julien M. Hekimian / Getty Images (Pilati)

After an International Herald Tribune article yesterday suggested Raf Simons would replace Stefano Pilati at Yves Saint Laurent, the French label released a statement today that said the rumors are “unfounded.” YSL also confirmed Pilati is hard at work on the upcoming YSL runway show. WWD notes, however, that it is understood that the designer’s contract with the house ends in March 2012 and he has yet to sign a renewal.