PARIS, July 7 — Speculation is mounting in Paris that Balenciaga could be facing a change in creative leadership.
Women’s Wear Daily reported yesterday that the fashion house, controlled by Kering, could part ways with Alexander Wang, who is widely regarded as one of the darlings of the American fashion scene.
Wang was hired in December 2012 as the successor to Nicolas Ghesquière, who exited after a stellar 15-year tenure and now heads womenswear at Louis Vuitton.
A spokesman for Kering and Wang told WWD that the designer and Balenciaga are currently in discussions over the renewal of the contract.
It is understood that he is currently preparing the next Balenciaga collection for Paris Fashion Week in September.
Separately, sources told WWD that Wang has been quietly seeking an investor for his privately held namesake brand, and may feel tugged between responsibilities at both businesses.
