French luxury fashion house Balenciaga has announced the departure of creative director Nicolas Ghesquière after 15 years.
The move is a joint decision to end their working relationship and Ghesquière will leave the business on November 30.
It is not clear if the label, which is owned by luxury goods group PPR, has appointed a replacement.
François-Henri Pinault, chairman and chief executive of PPR, said: “Cristóbal Balenciaga was a master, a genius whose avant-garde vision dictated fashion’s greatest trends and inspired generations of designers. With an incomparable creative talent, Nicolas has brought to Balenciaga an artistic contribution essential to the unique influence of the house”.