It appears that all the fashion houses, particularly the older ones, are going through changes with their creative directors. As the world changes, it is only expected to see the fashion industry changing as well, moving designers around in order to ensure the houses are shaken up and fresh new faces are seen on the runway shows, bringing experience from other designer labels to their new hosts and, in turn, keeping the styles presented uniquely different. This is what prevents a brand from going stale, from signature pieces becoming too many and new ideas leaking away. You always need a change of scenery, and that is what appears to be happening now with Balenciaga as well. It appears as though the house and Alexander Wang are in talks at the moment about him leaving for another opportunity where he can showcase his talents. Hired on in December of 2012 as the successor to Nicolas Ghesquiere, Wang had come in to replace the man who exited 15 years of work to go join Louis Vuitton. While this news may be setting in a bit of panic, fans of Wang at Balenciaga should know that another collection is set for release come the end of September and beginning of October at the Paris Fashion Week.
Balenciaga is owned by Kering, the French luxury goods holding company that has fobs over Alexander McQueen, Brioni, Gucci, Puma, Volcom and many others. Balenciaga is among those others, a fashion house founded by Cristobal Balenciaga in Barque Country, Spain, back in 1914. Trademarks of the house include bubble skirts and odd but feminine and ultra-modern shapes, the latter of which has certainly been adopted by Wang over the past few years. Balenciaga has grown under Wang’s direction and currently generates revenues ranging to over 350 million Euros. It is incredibly profitable. Now, it appears as if the Spanish house under French control could part ways with its American designer, ending their collaboration. That is quite the global market there, is it not?
It appears as if Wang might want to put the focus on his own brand at the moment, as it has been found that he’s been seeking investors for it. There are no confirmations either way, but the contract is set to end with his spring 2016 collection and may not be renewed. He has been a triumph as creative director and it would be very sad indeed to see Alexander Wang leave Balenciaga that certainly has gained not only in revenue but also in fame over the past few years. You see Balenciaga knock-offs now like never before, people proudly displaying their Balenciaga items and giving it the treatment Gucci or other such brands currently have. Perhaps the times have changed, perhaps the pieces have become more endearing, but whatever the case may be, we know that Balenciaga has truly become a household name in the fashion world of late, as well as among those who understand little of the industry.