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Gucci Group Acquires Balenciaga

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By: TOM BRANNA

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Gcci Group N.V., Euronext, Amsterdam, has acquired Balenciaga S.A., owner of the Balenciaga luxury brand. Nicolas Ghesquiere will continue as creative director of Balenciaga, with broad responsibilities for all aspects of the brand’s creative direction and image. Last month, Mr. Ghesquiere won the coveted “international designer of the year” award from the Council of Fashion Designers of America following several seasons of highly acclaimed collections shown in Paris.In 2000, B...

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