What is the fashion world coming to? Balenciaga is said to be in advanced negotiations with a successor to its star designer Nicolas Ghesquiere, 41, whose surprise departure has rocked the fashion industry. A shortlist of candidates already exists, as the label's designer of 15 years would leave on 30 November, promising that this transition will not be the drawn-out one like the recent drama at Dior. Dior took a year to name Raf Simons as successor to its disgraced designer John Galliano.
Originally founded in 1937 by Spanish designer Cristobal Balenciaga, the house was known for a sculptural use of volume, sharp suits and colour, until Balenciaga retired in 1968. Ghesquière gave these codes a modern touch and was one of the first to dust off an iconic house and introduce a whole new generation of fans to the brand.