According to market sources, Balenciaga and parent Kering have decided to part ways, precipitating another designer change at one of the most prominent houses in French fashion. 

It is understood that the spring 2016 Balenciaga show during Paris Fashion Week, scheduled for Sept. 29 to Oct. 7, will be Wang’s last.

Rumor has it, Kering is open to considering a lesser-known, hidden talent for the plum post, emboldened by the positive feedback and outpouring of goodwill it had in promoting Gucci insider Alessandro Michele to succeed Frida Giannini at the helm of the Italian brand earlier this year.