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Balenciaga to name Ghesquiere successor soon: CEO

Published on Nov 7, 2012 10:24 AM
 
Balenciaga is in advanced negotiations to name a successor to its star designer Nicolas Ghesquiere (right), whose surprise departure has rocked the fashion industry, the house's chief executive said on Tuesday. -- PHOTO: AFP

PARIS (AFP) - Balenciaga is in advanced negotiations to name a successor to its star designer Nicolas Ghesquiere, whose surprise departure has rocked the fashion industry, the house's chief executive said on Tuesday.

"We have a shortlist, and negotiations are well under way," Ms Isabelle Guichot told AFP, a day after the house's owner, the PPR luxury group, announced its designer of 15 years would leave at the end of November.

"It won't be a drawn-out transition," she added, in a nod to the recent situation at Dior, which took a year to name Raf Simons as successor to its disgraced designer John Galliano.

PPR, whose fashion brands include Gucci, Yves Saint Laurent and Alexander McQueen, has owned Balenciaga since 2001.

 
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