There are just two days standing between us and what’s arguably this fashion month’s most highly-anticipated event: Alexander Wang’s debut for Balenciaga. So Suzy Menkes talked to him, Anna Wintour, PPR CEO François Henri Pinault, and, um, Danielle Steel to dig up some backstory, debunk some rumors, and find out what to expect from Wang’s elevated new role.
Good things come to those who wait.
After speculation that Scottish designer Christopher Kane would take over the house of Balenciaga turned out to be only that—speculation—it has been announced that PPR, the luxury goods conglomerate that owns Balenciaga, as well as Alexander McQueen, Gucci and Yves Saint Laurent, now owns a 51% stake in Kane’s London-based fashion house.
François-Henri Pinault, President and CEO of PPR, which owns Balenciaga, sat down for a lengthy Q & A session with CBS’s Rebecca Jarvis yesterday at the French Consulate in Paris. They discussed many things, like the “fiscal cliff,” ecommerce, the American market, and of course, the decision to install Alexander Wang at Balenciaga–which is all we’re interested in.
The most interesting nugget to come out of the interview was the mention of couture at Balenciaga.
Now that we know who is going to take the reins at Balenciaga (it’s Alexander Wang, in case you’ve been living under a rock), the next question on everyone’s minds is: What will change under the new designer?
Well, according to the CEO of Balenciaga’s parent company PPR, François-Henri Pinault, not a whole lot.
Balenciaga parent company PPR just announced that Balenciaga and Ghesquière have made the “joint decision to end their working relationship as of 30 November 2012.”
Could this be a white flag in the on-going dispute between designer Hedi Slimane and critic Cathy Horyn?
Slimane has removed all his tweets about Cathy Horyn, including the original open letter. There is no explanation left in it’s place, so we’re left to wonder what motivated the designer to delete them at all.
PPR CEO Francois-Henri Pinault responds to Slimane’s critics, including Cathy Horyn. This story will never end!
First comes love, then comes a joint footwear venture? That’s apparently the relationship route for match made in reality TV heaven Kim Kardashian and Kanye West. According to RadarOnline‘s “exclusive source,” the designer darlings that comprise Kimye is “taking their relationship to the next level” by launching a footwear collection together–the obvious next step for Read more →
PPR has just partnered with luxury ecommerce site Yoox.com, to launch a new online platform–PPR will own 51%, Yoox 49%–that will sell the conglomerate’s brands Bottega Veneta, Yves Saint Laurent, Alexander McQueen, Balenciaga and Sergio Rossi internationally. The decision to do so is part of CEO Francois Henri Pinault‘s push to get all of PPR’s Read more →
Well, that was fast. After only a few days in court, Linda Evangelista and her baby daddy Francois-Henri Pinault have reached an out of court settlement in their child support battle, the New York Post is reporting.
Evangelista shocked pretty much everyone last week when it was reported that the supermodel was asking for an astronomical $46,000 a month in child support payments, saying that her son Augie needed round the clock nannies, armed guards and a separate apartment near his school for play dates.
While the settlement sum was not disclosed, we have a feeling Pinault must have coughed up something pretty close to Evangelista’s asking price–after all, Evangelista doesn’t seem like the type to back down.