Balenciaga creative director Pierpaolo Piccioli is set to exit the Kering brand after just over a year in the job, industry sources said. Piccioli, who gained fame at Valentino, is a hugely talented designer, but his couture style is not selling as well as Kering CEO Luca De Meo hoped, sources said. Crucially, Balenciaga’s important menswear revenue has fallen sharply under his tenure.
Piccioli’s exit could be announced as early as after his show on Oct. 1, industry sources said.
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