"Perhaps Nicolas wants to have his own label, which is not a bad idea. And it would not be a bad idea if somebody such as Bernard Arnault would invest in a new label because there are so many old labels" within the LVMH group. This is a rare event for Lagerfeld — getting through an interview without saying something controversial and outrageous is quite a feat.
Ghesquière, since he arrived at the brand in 1997, made Balenciaga what it is today. He not only revamped the aesthetic but pulled a stale luxury name into the modern era and put it back the map. There's been no official statement on the reason for his leaving, and though Cathy Horyn offered some speculation, we're siding with Karl here. Sounds like there's a very good chance he's starting his own line, and if he is, we can't wait to see it! (Reuters via Fashionista)
Image via Fashionista.