Fashion News: Alexander Wang May Soon Leave Balenciaga

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Alexander Wang at Balenciaga’s Fall 2015 Ready-To-Wear show.

Almost 3 years ago, Alexander Wang became Nicolas Ghesquière‘s successor at Balenciaga. Ghesquière left the fashion house after 15 years to join Louis Vuitton, where he currently serves as creative director.

It is now being reported that Wang could soon part ways with the fashion house, controlled by Kering. Currently, Wang is still under contract with Balenciaga and preparing the brand’s next collection for Paris Fashion Week, scheduled for Sept. 29 to Oct. 7.

According to WWD, “Spokeswomen for Kering and Wang would only say there are discussions between the designer and Balenciaga regarding the renewal of the contract. The likelihood of an agreement could not immediately be learned.”

Wang and Balenciaga chief executive officer Isabelle Guichot had described a host of development plans for the company, citing men’s wear and knitwear among chief growth opportunities.”

Another source reported that “Wang has been quietly seeking an investor for his privately held namesake brand, and may feel tugged between responsibilities at both businesses.”

In 2017, “Balenciaga is to celebrate its centenary, an occasion the Prado in Madrid plans to mark with a major exhibition.”

Photo Credit: Monica Feudi / Feudiguaineri.com

Source: WWD

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Donovan

Donovan is the CEO and Editor-In-Chief of www.dmfashionbook.com. For all general inquiries please email don@dmfashionbook.com Donovan has a BA in Journalism & Media Studies from the prestigious Rutgers University. He's currently studying entertainment and fashion law.