Nicolas Ghesquière, one of the most acclaimed French designers of his generation, and the Balenciaga fashion house have announced their joint decision to end their working relationship as of 30 November 2012.
Nicolas Ghesquière has been the Creative Director of Balenciaga since 1997.
François-Henri Pinault, Chairman and Chief Executive of PPR, said: “Cristóbal Balenciaga was a master, a genius whose avant-garde vision dictated fashion’s greatest trends and inspired generations of designers. With an incomparable creative talent, Nicolas has brought to Balenciaga an artistic contribution essential to the unique influence of the house”.