I'm honestly shocked. Though Ghesquiere's collections are constantly copied on the runways, he's never really made any innovations as far as real women's dress goes. And I can't imagine his RTW is all that profitable. But I always thought the solution was in smarter product development, not a change of creative direction.
But maybe he's leaving of his own accord? Perhaps he's finally ready to move on? He's always said he had wanted to use his own name for a truly special project, perhaps that time has come? Or maybe everything just came to a head and no one involved was happy with the arrangement?
I believe the fashion industry can only honor Ghesquiere, despite that I haven't liked any of his collections since a few key assistants left his team. He not only reestablished Balenciaga as a creative and luxury market powerhouse but he established a new way of thinking about color, material, he is the king of retro-futurism, and he really made that language a part of the contemporary discussion in a major way. His contribution is immense.
I'd like to think PPR has a plan for all of this. Given the timing and lack of rumors surrounding this, it sounds like it was planned for and feels
relatively amicable. My first reaction was "oh my god, who on earth could fill his shoes?" But then if you look around, if you really look, there are some options, the most obvious being some of those former assistants...