Speculation abounds about what Nicolas Ghesquière will do after he leaves Balenciaga, but Karl Lagerfeld already has an idea for the designer's next move.
"Perhaps Nicolas wants to have his own label, which is not a bad idea," Lagerfeld said at the Paris launch of the Little Black Jacket exhibit. "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)."
If Arnault backed Ghesquière's line, it would put him and Lagerfeld — who designs LVMH's label Fendi — on the same payroll. Some in the Paris fashion world believe that's exactly what's going to happen. Earlier this week, a source told Suzy Menkes that Arnault has already offered Ghesquière his own house, and another source called the situation "delicate." But while the business team at Balenciaga says it already has a short list of potential replacements, so far there's been no definitive word on what Ghesquière will do next.