Balenciaga by Nicolas Ghesquiere

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Balenciaga is now owned by the Gucci Group (PPR), and its womenswear and menswear is headed by Nicolas Ghesquière.

There was some conflict within the house of Balenciaga on Nicolas Ghesquiere's designs. The Gucci group said that if Balenciaga didn't become profitable within the year 2007, they would replace him (How they can do this to him, his latest collection A/W 2007 is voted to be top-ten best collection). Ghesquière's F/W 2005 line showed that the house was not only profitable, but also attracted a number of celebrity customers including editor-in-chief at Vogue, Anna Wintour.

Today, the brand is also famous for its line of motorcycle-inspired handbags, especially the famous "Lariat". Balenciaga currently owns only two boutiques in the United States their U.S. headquarters in New York on W 22nd St. as well as a store in Honolulu. They currently are in the process of leasing a spot in the Mandarin Oriental in Boston which is to open in Summer of 2008.