Alexander Wang Could Be Leaving Balenciaga

After just over two-and-a-half years at the helm Alexander Wang and Balenciaga might soon part ways.

The young designer who took over in December 2012 following Nicolas Ghesquire's departure has triumphed as creative director of the Spanish label. However speculation is building regarding the renewal of the 31-year-old's contract. Wang is working on the forthcoming spring/summer 2016 collection set to be shown this October in Paris but his future after that remains uncertain.

A spokesperson for Kering, the conglomerate that operates Balenciaga, and Wang told WWD that "there are discussions between the designer and Balenciaga regarding the renewal of the contract," but was unable to confirm the "likelihood of an agreement" being reached.

It is however thought Wang is looking to expand his eponymous New York-based label and may call it quits at the famous fashion house.