According to the New York Times‘ Cathy Horyn, Alexander Wang is the frontrunner to take over at Balenciaga. The move would make a certain amount of sense given that Wang, with his rapidly expanding New York-based line, has shown that he can make the edgy commercial. What then of the rumor, first reported in WWD yesterday, that Balenciaga’s parent company PPR is looking to invest in Christopher Kane’s label? Kane was posited by the Twittersphere as a likely Balenciaga candidate, though he denied it himself. Even after I plied him with several margaritas at a recent London dinner, he insisted he wanted to concentrate on building his own business. If PPR were to invest, it could give credence to the rumor that rival LVMH tycoon Bernard Arnault has struck a deal with outgoing Balenciaga designer Nicolas Ghèsquiere, and PPR wants to strengthen its own stable as much as possible. Along with the news today that J.W. Anderson will be doing a capsule collection for Kane’s former boss Donatella Versace at Versus, this could be a rare case of designer shuffling where everyone turns out to be a winner.
by Style.com
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