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Is Wang's time at Balenciaga over?

Is Wang's time at Balenciaga over?

Balenciaga isn't renewing its contract with Alexander Wang, according to reports.

The American fashion designer took over as creative director from Nicolas Ghesquière in late 2012, with the latter joining Louis Vuitton.

Although Wang has put his stamp on the brand since joining, WWD claims his Paris Fashion Week show in late 2016 will be his last, as Balenciaga and parent company Kering will not be renewing his paperwork.

It's unclear why, but the website adds that the search for a successor is already underway. Rather than hiring a well-known name, it's thought Kering is happy to bring in a lesser-known designer for the job, following the successful hiring of Alessandro Michele to replace Frida Giannini at Gucci.

Rumours surrounding Wang's departure from Balenciaga have been rife since earlier this month, but spokespeople for the designer and Kering would only comment that they were having discussions about his contract.

It seems things haven't come to a conclusion even now, as on Monday Kering’s chief financial officer Jean-Marc Duplaix revealed discussions were still taking place.

Alexander has spoken often about working at the fashion house, which has famous fans in the form of Kim Kardashian, Nicole Kidman and Sienna Miller. He wanted to give his pieces a distinct look so people would immediately recognise them.

"To create these - status sounds so pretentious - but these items that people know represent something; there is a value of immediacy to it. It's the bow, or the feather, or the anchor and I'm just trying to resurrect it and make it more relevant and kind of... it's a dirty word, but exploit it a bit," he told i-D.

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