's favorite fashion label, Balenciaga, will have to say goodbye to its creative director, Nicolas Ghesquiere, on November 30. The brand's parent company, PPR, wrote down in a statement, "The Balenciaga fashion house and Nicolas Ghesquiere have announced their joint decision to end their working relationship as of 30 November 2012."
The news was shocking, even for Balenciaga insiders. The fashion label's representative Lionel Vermeil was also startled, saying, "Last week you have Sandy. This week you have Nicolas Ghesquiere leaves Balenciaga." When asked about whether he just heard the news the day he spoke, he laughed off, "Read my lips."