Amidst a maelstrom of speculation, gossip and second-guesses, it has finally been confirmed that the house of Balenciaga is under new management...
On November 30th, 2012, it became effective that fashion designer, Nicolas Ghesquière would be parting ways with the French brand, after 10+ years of dedicated, re-branding and re-positioning services :-(
(Nicolas Ghesquière bids adieu.
September 27th, 2012. Paris)
Ghesquière's last show for Balenciaga, was his Spring/Summer 2013 collection... And picking up the reigns after him (for the coming months), is Alexander Wang, the hipster-cool, young designer from New York! Wang (known internationally for his downtown, street-style-edged clothing), was recently confirmed as Balenciaga's new, Creative Director, on December 3rd, 2012... just days after Ghesquière exited the building!!!
Breaking the news story, Women's Wear Daily reported that Isabelle Guichot (the house's CEO), and François-Henri Pinault (chairman of PPR, owner of Balenciaga), were both in agreement with hiring Wang. In a statement, Pinault said, “Cristóbal Balenciaga was a master, a genius whose avant-garde vision dictated fashion’s greatest trends and inspired generations of designers,” a generation that includes Wang, whom Guichot says, has “proven talent, modernity and individual and cosmopolitan vision of design.”
As to what Ghesquière's next move might be, no one knows (for sure), although it's been rumored that he will finally begin work on his own, eponymous fashion label; the proof of which, can be found in a 2001 interview the designer gave to Style.com, where he said, "I'm very happy at Balenciaga. But I also want to work on my own line. The ideal would be to do both things simultaneously." Well, since part of that equation has been x'd out, this only leaves him to start designing his own brand of clothing (hopefully)!
In response to the overall situation, Wang says, “I am deeply honored to embark on this new role for a brand and house that I have such great admiration and respect for.” And, only time will tell if Wang can actually live up to the challenge of filling such big shoes... We wish him well.
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