Rumour: Did Nicolas Ghesquière leave Balenciaga to start his own line?

(Photo: Elle)

PPR announced that Nicolas Ghesquiere is leaving Balenciaga. Karl Lagerfeld thinks Nicolas Ghesquiere could launch his own successful fashion line and has tipped Bernard Arnault to invest in the designer. Karl told Reuters: ”Perhaps Nicolas wants to have his own label, which is not a bad idea. And it would not be a bad idea if somebody such as Bernard Arnault would invest in a new label because there are so many old labels [within LVMH].”

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