Is Alexander Wang leaving Balenciaga?

The fashion rumour mill has gone into overdrive

Advertisement - Continue Reading Below

When Alexander Wang was appointed Creative Director of Balenciaga in December 2012, stepping into the shoes of Nicholas Ghesquière, he was tasked with injecting his signature brand of cool, youthful sprtswear into the heritage label. And it seemed to be working. But, two and a half years on, could his tenure already be coming to an end? WWD is reporting that the designer is currently in negotiations with the fashion house about the renewal of his contract – and that it may not be renewed at all.

Most Popular

Both sides admit that discussions are taking place but that’s all that they’ll say.  The sticking point is unclear – the label is making a profit and has upped its number of stand-alone stores from 3 to 70 over the past three years alone. But sources have told WWD that Wang ‘…has been quietly seeking an investor for his privately held namesake brand, and may feel tugged between responsibilities at both businesses.’

With the industry’s finest currently rubbing shoulders at the couture shows in Paris, you can bet that the rumours about his departure – not to mention his possible successors – will be the most-discussed front row topic. Watch this space for news.

Stranger Things with Nicolas Ghesquière | ELLE UK
Fashion
Share
Are The Kids From 'Stranger Things' About To Make Their Paris Fashion Week Debut?
Well, stranger things have happened...
Milan Fashion Week SS17 Street Style: Day 4
Street Style
Share
Milan Fashion Week SS17 Street Style: Day 4
​Print and texture aplenty on day three of Milan Fashion Week​
Duchess of Cambridge and Princess Charlotte in Canada
Celebrity Style
Share
Kate Middleton's Style File
Inside the royal wardrobe
Celebrity Style
Share
Milan Fashion Week SS17: The Parties
​Lottie Moss leads the Milan party pack​
Advertisement - Continue Reading Below