Fashion-forward label Balenciaga has recently named Alexander Wang as the creative director according to multiple sources like Fox News. The company, which was once under the ownership of actress Salma Hayek's first husband Francois-Henri Pinault, will continue to manufacture luxury goods but now under the supervision of another innovative genius, Wang.
Balenciaga was founded in the early 1900s by Spanish resident Cristóbal Balenciaga. Ever since then, the fashion powerhouse has been creating everything from high-end purses and shoes to red carpet-worthy gowns.
"I am deeply honored to embark on this new role for a brand and house that I have such great admiration and respect for," stated Wang in a press release to PPR, a French multinational holding company that manufactures high-end retail goods.
After Nicolas Ghesquière declared that he was leaving the company as creative director on November 5, rumors throughout the fashion world began to circulate that Wang might be taking over the label next.
In a statement, Isabelle Guichot, president and CEO of Balenciaga, said Wang embodies all that the company stands for. ''His proven talent, modernity and individual and cosmopolitan vision of design will naturally embrace and enrich the unique heritage of this fashion house, which will soon be one hundred years old.''
Of course, directors for multimillion dollar companies need to know how to juggle multiple tasks at once and Wang is well aware of this. He is reportedly going to continue creating his designer handbags and other accessories under the Alexander Wang label and so the public will now be able to see how his laid-back and urban influences translate to his own brand and Balenciaga.