Ghesqueire—who started at the company at just 23 years old—will formally depart on November 30th, ending a fifteen year relationship that saw Balenciaga transform from a small, struggling luxury company to a hugely influential mega-brand with 62 boutiques around the world.
PPR chairman François-Henri Pinault praised Ghesquiere in a press staetment. “Cristóbal Balenciaga was a master, a genius whose avant-garde vision dictated fashion’s greatest trends and inspired generations of designers," he said. "With an incomparable creative talent, Nicolas has brought to Balenciaga an artistic contribution essential to the unique influence of the house.”
While there's no word where Ghesquiere is headed or why he is leaving, his departure will initiate another game of fashion musical chairs like the one that started following John Galliano's abrupt dismissal from Dior.