Designer Nicolas Ghesquière will be leaving the French fashion house, Balenciaga. Having been the creative director since 1997, Ghesquière has been attributed to bringing Balenciaga to great levels of commercial success as well as guiding the brand's expansion into newer markets. Ghesquière will be leaving on the November 30, 2012 and his next move has not been confirmed.

A successor for the brand has yet to be announced.