Confirming whispers earlier this month, Alexander Wang and Balenciaga are parting ways, according to WWD. For reasons unspecified, though likely related to Wang's investor search for his eponymous label, "Balenciaga and parent Kering have decided not to renew the contract of the buzzy American designer," reports the daily. Wang's spring 2016 collection in early October is expected to be his last for the storied house.
As for who'll replace Wang, it's thought Balenciaga and its parent company Kering will seek a lower-profile name from within its ranks, pleased by the results of installing Alessandro Michele at Gucci upon Frida Giannini's departure. It's anyone's guess at this point as the hunt has only just begun.