link.png Kering confirms Alexander Wang and Balenciaga are parting ways← Back

 
It’s finally been confirmed. After a week of much speculation, luxury conglomerate Kering has announced that Alexander Wang will be leaving his role at fashion label Balenciaga when his contract comes to an end.
 
WWD published an article on Wednesday claiming that Wang and Balenciaga were parting ways, which led to a whirlwind of gossip and rumours. Today Kering, Balenciaga’s parent company, published a statement that confirmed this news, revealing that it is a joint decision made by both the luxury fashion label and the designer. 
 
Wang was hired by Balenciaga in 2012, to take on the role of Creative Director which was previously held by Nicolas Ghesquière. Wang’s tenure at the luxury fashion house has been relatively short compared to the 15 years that Ghesquière spent at the label. In these three years Wang has nonetheless managed to inject the label with his signature luxuriously sporty aesthetic, creating collections that were well received.
 
After having presented his final collection for Balenciaga at Paris Fashion Week this Autumn, Wang plans to focus on developing his own eponymous brand and taking it on to another level. In the statement released by Kering earlier, Wang commented: “It’s been an incredible experience to work with a couture house in Paris. I am honored to have had the opportunity to work for this historical maison.”
 

This is not the first occurrence of this kind in the past few months: Gucci, also under the Kering umbrella, also recently underwent a similar shake-up. Following the departure of Frida Giannini, Alesssandro Michele was promoted by the company and given the role of Creative Director. 
 
Now that Wang’s departure has officialy been confirmed, one question remains: who will be recruited as new creative director to replace Wang at the luxury fashion house?