In a statement, Ghesquière's boss and PPR CEO, Francois-Henri Pinault, called the designer "an incomparable creative talent" who "brought to Balenciaga an artistic contribution essential to the unique influence of the house." There's no word yet on who will replace Ghesquière — or on what his next move might be.
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Balenciaga has announced that Nicolas Ghesquière, its creative director of 15 years, will leave the brand. Ghesquière's last day will be Nov. 30.