Who owns Balenciaga? The luxury fashion house cuts ties with Kanye West and publishes an official press release

Kanye West’s relationship with Balenciaga has finally come to an end. The company reportedly ended its ties with the rapper.

On Friday October 2021, Balenciaga’s parent company, Kering, told Women’s Wear Daily that it would not be working with Ye.

“Balenciaga no longer has any relationship or plans for future projects related to this artist.”

Although the statement does not mention anything else, Kanye West’s recent statement anti-semitic attacks and controversies can be the main reason.

The house Kanye built is on fire. French fashion house Balenciaga released a statement saying, “Balenciaga no longer has any relationship or plans for future projects related to Kanye West.” No one wants to be part of Kanye’s business.

Kanye West and Balenciaga have worked together for a long time. They recently collaborated on a Yeezy Gap Engineered by Balenciaga collection. Although his partnership with Balenciaga is over, Ye has a multi-billion dollar contract with Adidas. However, his 10-year contract with them is said to be under review.

Balenciaga was acquired by Kering in 2001

Balenciaga was founded by Spaniards fashion designer Cristobal Balenciaga. Cédric Charbit is the CEO of the luxury fashion house. Balenciaga is currently owned by French company MNC Kering, which acquired it in 2001. Kering also owns Yves Saint Laurent, Gucci and Alexander McQueen, among others. Balenciaga was the company’s fastest growing brand in 2018.

Cristobal opened his Paris fashion house on Avenue George V in 1937 and was called a revolutionary by the press. People traveled to Europe between World War II to see the company’s clothing. They also had an advantage at the time due to the shortage of raw materials.

Balenciaga is a popular fashion house founded in 1919 (Image via 1000 Logos)
Balenciaga is a popular fashion house founded in 1919 (Image via 1000 Logos)

Designers who worked for Balenciaga managed to open their successful fashion houses, including Oscar de la Renta, André Courrèges, Emanuel Ungaro, Hubert de Givenchy, etc. The company designed the clothing for the French team for the Barcelona Summer Olympics in 1992.

The company is famous for creating avant-garde and advanced structural pieces at the cutting edge of fashion and predicting the future of women’s ready-to-wear. Their clothes are popular among celebrities and models like Sienna Miller, Lara Bingle, Caroline Trentini, Tatiana Sorokko, Jennifer Garner, Stephanie Seymour and many more. The company’s products are also used by the actress Chloe Sevigny.

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Alexander Wang then joined as the new creative director in 2012, but the company severed ties with him in 2015. Demna Gvasalia joined in the same position in 2015 and announced Justin Bieber as the new face in September last year. . The company also expressed its support for Ukraine during the Russian-Ukrainian conflict in March 2022 during Paris Fashion Week.

The Kanye West and Balenciaga spinoffs began last week

FASHION 101: BALENCIAGA has severed ties with YeParent Kering has said the French fashion house will no longer work on projects with Kanye West, who has made anti-Semitic threats and statements. https://t.co/scjHdbFnWn

Cracks between Balenciaga and Ye’s relationship began to appear last week after the luxury house removed West’s runway look from Balenciaga’s Spring 2023 show at Paris Fashion Week from its official website. Vogue also removed Ye’s photo from its Balenciaga show cover.

By appearing on the podcast Drink championsKanye West said that George Floyd was killed by a fentanyl overdose. Although the episode was removed from all platforms, the clips went viral, leading to backlash on social media.

Following Ye’s comments, he is being sued by Floyd’s family for harassment, embezzlement, defamation and emotional suffering. The lawsuit will be filed on behalf of Floyd’s daughter by her mother, Roxie Washington.

Kanye West also came under fire on Twitter after he was spotted wearing a shirt with the words ‘White Lives Matter’ at an event alongside conservative political commentator Candace Owens. BLM Grassroots criticized the act, saying it could lead to toxic confusion and violence against black people.

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