Alexander Wang leaving Balenciaga

I am in genuine shock. I have never known a Balenciaga without a Ghesquiere.
The whole fashion world is changing!
I can't even imagine who would take over from him, though I hope it's someone fabulous.
 
1. who on earth is supposed to succeed him?
2. what on earth is he doing next? has he made enough money to start his own line?
3. doesnt he have a minority stake in balenciaga? (10% if my memory serves me right) is he going to keep or sell it?
 
Nicolas Ghesquière to leave Balenciaga

November 5, 2012 3:36 pm by Vanessa Friedman

Today PPR announced, in one of the more terse emails I’ve gotten, that it had mutually decided to part ways with uber-designer fashion favourite Nicolas Ghesquière. November 30 will be his last day.

Nicolas Ghesquière with Kristen Stewart at the Met Ball. Image by Getty

Here’s what it said, in full:

“The Balenciaga fashion house and Nicolas Ghesquière have announced their joint decision to end their working relationship as of November 30 2012. Nicolas Ghesquière has been the creative director of Balenciaga since 1997.

François-Henri Pinault, chairman and chief executive of PPR, said: “Cristóbal Balenciaga was a master, a genius whose avant-garde vision dictated fashion’s greatest trends and inspired generations of designers. With an incomparable creative talent, Nicolas has brought to Balenciaga an artistic contribution essential to the unique influence of the house.”"

Well, that’s revealing! Or, not.

It’s also pretty understated, considering what Mr Ghesquière had done for the brand.

He’d been at Balenciaga 15 years (a lifetime in these high-designer-turnover days), and had done as much as anyone to transform it from venerated-but-irrelevant brand into the perennial hottest ticket at Paris Fashion Week (which, when you think about the pressure that generates, is a pretty extraordinary thing). He proved the way a talented designer could abstract heritage to transform a brand’s identity into something truly modern, and struck gold with that biker bag for a brand that had never been known for his accessoires.

Oddly, the house does not seem to have anyone else lined up for the gig. If this was mutual and long in coming, you would have expected them to counterbalance this news, which will send seismic tremors through the fashion industry that adores Mr Ghesquière, with some other news about who’s next. And if not for the fashionistas, then for the analysts who track PPR and presumably know how important Mr G was to the brand’s success — and by association, that of its parent group.

Maybe the PPR execs were trying not to steal Mr Ghesquiere’s thunder (a spokesperson told me “today is about Nicolas”), but really, it doesn’t take away from his leaving to say someone else is coming. And maybe they were trying to limit the speculation and fashion hoo-ha — good luck with that.

So what do we think happened? According to a Balenciaga spokesperson, they had been talking to Mr Ghesquière for a few months about his desire to “do something else”. My guess would be that could mean anything from “do something more” to “get more investment”, but whatever it was, they clearly could not reach an agreement, so agreed to disagree. The chief executive, Isabelle Guichot, is staying in place, so it’s not because of that (often, when a CEO changes, designers change too.)

There’s also the issue of the incredible investment PPR is making in Yves Saint Laurent, and the extreme latitude they are giving their new designer, Hedi Slimane, to stay in Los Angeles, redo all the stores, redo the logo etc. It must have rankled a bit with the long-serving Mr Ghesquière. Balenciaga was only recently allowed to advertise, and for ages held its shows in its headquarters to save money (the shows are back there after a few seasons at the Crillon, by the way).

Meanwhile, PPR has been through this sort of upheavel before — they experienced it with Tom Ford and Domenico de Sole, when they left Gucci Group — so they know super-fashion-darlings can leave a brand and that brand can survive, and even thrive.

So ends the speculation. Here’s what I know for sure:

1) the spring/summer Balenciaga collection, now officially Mr Ghesquière’s last, was fantastic — one of the best shows of the season — and any stores that bought it should be gleeful (as should PPR) because it is now officially a collector’s item and will sell-out asap when it hits rails;

2) the fashion rumour mill, recently bereft of its Raf Simons/Dior vs Hedi Slimane/YSL salacious subject, has a new topic to speculate on — why? and who’s next? — and this will occupy it for a good while (LVMH has long been interested in Mr Ghesquière and has tried to lure him away in the past; bet this comes back up); and

3) whatever Mr Ghesquière does next, and personally I hope it is find a backer to open a line under his own name, it will be exciting to see.

http://blogs.ft.com/material-world/2012/11/05/nicolas-ghesquiere-is-leaving-balenciaga/

some interesting points
 
I read Cathy Horyn's article and it seems as though sales were fine under him, especially in asia
 
Interesting article,

but the following statement is not valid at all:

Balenciaga was only recently allowed to advertise
 
I hope he goes solo, I want to see him without brand limitations.. I think it could turn out pretty amazing
I wonder if he really did have any brand limitations for his RTW collections? But I definitely agree that it's going to be exciting if he decides to create a namesake label, that would be something to look forward to.


Also I am in the skeptical category when it comes to Balenciaga being a big money maker, maybe it holds its own as part of the PPR conglomerate but it seems to be more of an editorial darling than anything, and while Balenciaga is worn on the red carpet and the street, it is by the more adventuresome fashionistas, which may be good for "cool points" but I think that the muckety-mucks want there to be some accessory or scent that appeals to, if not the masses, a significant portion of the luxury buying market, and I am not sure if Balenciaga is adequately fulfilling that brief.
I'm pretty sure the City bag sells well enough. And so do the leather jackets, probably. Also, I think people misjudge the wearability of Balenciaga. I don't own that many designer items, but the majority of them are Balenciaga pieces and I wear them all the time, and my style is far from being extravagant.


I doubt Nicolas was asked to leave (/fired), no one can deny the impact his collections had on fashion and pop culture, even the collections that were disliked by "fans" were still hugely popular and copied over and over by other designers and high street brands, they were widely used on major covers and in editorials and I don't think there is any indication that the house had been unhappy with him in recent years? I really do hope this just means Ghesquière is ready for something new and has other projects planned.
 
I'm not really shocked because his rtw collections have been quite sh!tty lately. This still makes me so sad but he had a good run. Hopefully they replace him with a young unknown designer like Balmain did.
 
I'm pretty sure the City bag sells well enough. And so do the leather jackets, probably. Also, I think people misjudge the wearability of Balenciaga. I don't own that many designer items, but the majority of them are Balenciaga pieces and I wear them all the time, and my style is far from being extravagant.

and add the many it-shoes to the list of the big money makers!
I also agree on the wearability of Balenciaga's clothes. Apart from the often messy styling (in recent collections esp) I own a few balenciaga pieces that i wear a lot, and even my mum owns a couple coats. not exactly what you'd call a fashionista. the single pieces are often very elegant and wearable.
 
I read somewhere else that his last collection will be Fall 2013 and that he leaves at the end of the month...
 
^ how can fall 2013 be his last collection if he's going to leave on november 30th? aren't fall collections presented in february/march?
 
Hey you never know, good first guess.
 
Last edited by a moderator:
Behind the Balenciaga Split
By CATHY HORYN

On the face of it, Nicolas Ghesquière’s departure from Balenciaga, announced today, seems to give credence to speculation that he was frustrated with the direction of the house and management by its parent company, PPR.

Mr. Ghesquière declined to comment when reached by phone. But according to a number of individuals, who requested anonymity because of their dealings with PPR, Mr. Ghesquière’s frustrations go back at least a year and involve matters like financing and a more commercial tone to some of Balenciaga’s lines. He may have also felt, these individuals said, that his concerns were being insufficiently addressed by the PPR chairman, François-Henri Pinault.

A source of ire may have also been the unusual freedom that Hedi Slimane was given as the new creative director of Saint Laurent, also owned by PPR, even though Mr. Slimane had been inactive in design for about five years and had not done a women’s collection. He was allowed to change the corporate logo and store designs and remain in Los Angeles, commuting as needed to Paris.

Mr. Ghesquière may have disagreed with these kinds of decisions as a matter of principle. Obviously Saint Laurent’s operations didn’t directly affect him, but Balenciaga is part of the same group.

Mr. Ghesquière was 23 when he joined Balenciaga in the mid ’90s on the licensing side of the company, owned at the time by Jacques Konckier. One of his jobs was to design funeral clothes for the Japanese market. In 1997, he was made chief designer, and largely through his own efforts and ideas, created a modern Balenciaga based on a skinny, nervous, cool silhouette. Without really looking at the archive, he drew influence from Cristobal Balenciaga’s Spanish world. He created an influential collection based on wedding dresses. For another show, he made soft, pale green cargo pants. They were widely copied.

Around 2001, after Balenciaga was acquired by Gucci Group, Mr. Ghesquière began to feel tension with Domenico de Sole and Tom Ford, running the group at the time. By the fall of 2003 he considered quitting, he revealed subsequently in an interview. But then, Mr. de Sole and Mr. Ford lost their jobs, and Mr. de Sole was replaced by Robert Polet, hired in the summer of 2004. Although Mr. Polet had no luxury-goods experience, he proved to be an effective manager. He certainly recognized Mr. Ghesquière’s difficulties. Mr. Ghesquière also seems to have a warm relationship with both Mr. Pinault and his father, François Pinault.

In a 2005 interview, Mr. Polet said: “You had someone who wasn’t in sync with his environment, the environment wasn’t appreciating what he did, and he was distinctly unhappy as a reaction.”

Over the next number of years Mr. Ghesquière staged some of his most dynamic Balenciaga shows. The brand also expanded and became profitable.

The reaction to Mr. Ghesquière’s spring 2013 collection, shown in October, was so strong that he was singled out for a profile in the latest issue of Style.com/Print. In the article by Jo-Ann Furniss, under the headline, “Leader of the Pack,” there is no indication of his unhappiness at the house, but Mr. Ghesquière does give the impression of starting a new chapter in his work at Balenciaga, without fear of making a change after 15 years.

“That’s the thing in fashion,” he is quoted as saying, “because if you do not move, then you are dead.”

Mr. Ghesquière’s relationship with the company’s management may have changed in 2011, when Mr. Polet resigned from Gucci Group and Mr. Pinault took charge, using the parent name PPR.

Mr. Pinault has to demonstrate, among other things, that he can revive Saint Laurent under his watch. And now he has lost one of his stars. As Vanessa Friedman noted today in the Financial Times, it was somewhat curious that PPR didn’t attempt to counterbalance the Ghesquière departure with news of its own — such as who the company has lined up for a successor. There is certain to be an onslaught of buzz about that.

In response to an e-mail question about Mr. Ghesquière’s departure, Lionel Vermeil, the spokesman for Balenciaga, sent the following statement: “Clearly the tradition of high creativity, coming from Cristobal Balenciaga’s time, will be perpetuated, and the future of Balenciaga will not be mainstream and will remain faithful to the DNA of the house and its creative principles.”

Meanwhile, Mr. Ghesquière could wind up doing something with LVMH (there is already talk about that), or just take a little break.

http://runway.blogs.nytimes.com/2012/11/05/behind-the-balenciaga-split/

more info from Cathy.
 
i'm speechless right now... i really truely don't want to live in this fashion planet anymore :( :rofl:

though if a reason for his departure was probably to create his own label... then im really looking forward to that... as for Balenciaga... i really don't know what's going to happen there :(
 
Hey you never know, good first guess.

Mine was a joke, btw. But it really was my first thought about this... 'open spot at balenciaga' 'lazaro and jack must've passed out from the excitement'

So it looks like Nicolas left cause he wasn't happy about things? If so then, good for him. I'm rooting for him and (hoping) for him to start his own label
 
I'm literally on the verge of crying, this is the saddest news of the last 5 years, Ghesquiére was able to keep himself relevant in the fashion world for 15 years, I hope he creates his own brand or starts right now working at another because it would be a massive lost for the fashion industry having a season without Ghesquiére's designs.
 

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