Lauding his “proven talent, modernity and individual and cosmopolitan vision of design,” the chief executive officer of Balenciaga has named Alexander Wang the brand’s new creative director, effective today.

Isabelle Guichot added that Wang would “embrace and enrich the unique heritage of the fashion house.” 

“I am deeply honored to embark on this new role for a brand and house that I have such great admiration and respect for,” said Wang, who will also continue at the creative helm of his independently owned fashion house, established in 2005.

Commenting on the development, François-Henri Pinault, chairman and chief executive officer of PPR, described Balenciaga as an “extraordinary fashion house” with “inexhaustible potential” and a “priceless heritage.

“Alexander Wang will use his creativity and his own research to reinterpret and immortalize the distinctive, modern and extremely innovative style imposed by  Cristóbal Balenciaga,” Pinault added.

Wang succeeds Nicolas Ghesquière, who exited Balenciaga Friday after a stellar 15-year tenure.

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