Balenciaga to name Ghesquiere successor soon: CEO
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.