Alexander Wang Exits Balenciaga
The Alexander Wang era atBalenciaga is already nearing its end.
According to market sources, Balenciaga and parent Kering have decided not to renew the contract of the buzzy American designer, precipitating another designer change at one of the most prominent houses in French fashion.
It is understood that the spring 2016 Balenciaga show during Paris Fashion Week, scheduled for Sept. 29 to Oct. 7, will be Wang’s last.
The impending change at Balenciaga also will come as a new executive takes over as ceo of Kering’s luxury couture and leather goods emerging brands, which include Balenciaga as well as Brioni, Alexander McQueen, Christopher Kane, Stella McCartney and Tomas Maier. Kering on Monday named former Unilever executive Grita Loebsack to the post, effective Sept. 14. The ceos of the six companies in the emerging brands group will now report to Loebsack.