It has been announced that Alexander Wang will take up the position of creative director at Balenciaga.
WWD has learned the news from reliable market insiders and suggests that the announcement will be made next week, though Balenciaga are yet to make an official statement.
Wang will be taking over from the current creative director Nicholas Ghesquière after announcing his exit two weeks ago, sending shockwaves through the fashion industry.
Alexander Wang is said to fill the position whilst still running his own ready-to-wear label, which showed its first full womenswear show in 2008 and now boasts menswear, accessories and a diffusion line T by Alexander Wang.
He will be taking over a PPR-owned label, with 62 stores worldwide and a loyal global following, in what is one of the most exciting developments the fashion world has seen in a long time.
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