According to a report published, Kering, Balenciaga’s parent company, has decided not to renew Wang’s contract, resulting in his Spring 2016 show being his last. Kering has not officially confirmed Wang’s departure, it is said that the search for his replacement has already begun. Citing Alessandro Michele’s critical and financial successes at Kering-owned Gucci, a source reports that the corporation is open to hiring an unknown designer at Balenciaga.
