It was one of the most high-profile appointments in recent years - the naming of Alexander Wang as Nicolas Ghesquière's successor at Balenciaga. The Chinese-American creative director has only been with the house since December 2012, but according to WWD, Wang is currently in talks with Balenciaga's parent company Kering about renewal of his contract.

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It's hard to pinpoint whether the rumours of Wang's departure are just that - speculation only - or if they'll lead to another designer shakeup down the track, but so far both spokespeople for Wang and Balenciaga are keeping their lips zipped. While we know that Wang's womenswear spring/summer '16 collection for Balenciaga is scheduled to go ahead as planned in September, we're wondering if there's a change in the air for either Balenciaga or Alexander Wang's own label. Sources speaking to WWD have suggested Wang is looking for investors for his eponymous label, which adds further fuel to the mystery.

With Balenciaga posting double-digit growth in March this year, it's fair to say Balenciaga is not exactly struggling under Wang's tenure, but it's anyone's guess what the powers that be have planned for the 98 year old fashion house. Watch this space.

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