Citing a “joint decision to end their partnership” François-Henri Pinault, chairman and chief executive of PPR, praised Mr. Ghesquière’s “incomparable creative talent,” which “has brought to Balenciaga an artistic contribution essential to the unique influence of the house.”
Mr. Ghesquière, 41, who was not quoted in the PPR announcement, was traveling in Japan on Monday and could not be reached for comment. He joined Balenciaga when he was 25, was made creative director in 1997 and succeeded in bringing a hip and modern sensibility to the revered but dusty brand. His Balenciaga show for summer 2013 was widely applauded by critics and buyers.
The house of Balenciaga holds a relatively low position at PPR compared
with its star brand, Gucci, and to Yves Saint Laurent, which was
recently reintroduced with a new designer.
Yet Mr. Ghesquière’s powerful artistic leadership and the appeal of his
designs to some of the most important celebrities make it difficult to
envision who might succeed him.
The New York Times
Balenciaga - S/S 2013. Ghesquière's latest show
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