Nicolas Ghesquiere is to leave his post as creative director of Balenciaga - a position that the designer has held since 1997. The designer and the fashion house are citing a “joint decision to end their working relationship” effective from November 30, WWD reports. Since taking the reins, Ghesquiere has reinvented the fashion house and garnered praise innovation and impeccable cutting that its namesake designer Cristobal Balenciaga was known for in the 1950s and 1960s.
We're devastated - but not as much as Balanciaga fan (and face of the fashion house) Kristen Stewart must be.
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A successor for Nicolas is yet to be announced.

Style Evolution: Twilight Stars
2008 In the navy: Back in 2008, Kristen's attempt at red carpet glamour at the 14th Annual Screen Actors Guild Awards in LA fell a little flat.
Style Evolution: Twilight Stars
2008 While we love K-Stew's cute birdie print mini, we can't take our eyes off R-Patz's bouffant hair at the MTV Video Music Awards in Los Angeles.
Style Evolution: Twilight Stars
2008 For one of her first Twilight red carpet appearances, Kristen Stewart opted for a colour block, one-shouldered dress with rushed detailings.
Style Evolution: Twilight Stars
2008 Gorgeous and grungy! Robert Pattinson even managed to make dishevelled dashing at the Twilight premiere in Munich.
Style Evolution: Twilight Stars
2009 Suits you! Robert Pattinson was ultra-dapper as he arrived at the 81st Academy Awards ceremony in LA.
Style Evolution: Twilight Stars
2009 Kristen Stewart worked the Herve Leger bodycon with an optical illusion twist at the premiere of Adventureland in Los Angeles.
Style Evolution: Twilight Stars
2009 Ashley Greene and Kellan Lutz posed for pics together at the 2009 MTV Movie Awards in LA. The actress teamed her vintage florals with retro hair, and added a splash of colour with a popping yellow clutch.
Style Evolution: Twilight Stars
2009 Kristen Stewart decided to dress down as she joined Taylor Lautner and Robert Pattinson at the Comic-Con International 2009 convention in San Diego. Thank goodness the mullet's grown out...
Style Evolution: Twilight Stars
2009 We're not 100% convinced about the waistcoat, but Taylor Lautner still looked good at the 2009 Teen Choice Awards in LA.
Style Evolution: Twilight Stars
2009 Kristen Stewart worked rock chick spikes for The 2009 Teen Choice Awards, which perfectly matched her choppy hairstyle.
Style Evolution: Twilight Stars
2009 Taylor Lautner scrubbed up rather nicely for the UK fan party of Twilight Saga: New Moon, while Kristen was cool in Proenza Schouler and Robert Pattinson was relaxed in a shirt with no tie.
Style Evolution: Twilight Stars
2009 Aww. Cute. Definitely. Robert Pattinson looked good in charcoal at the press conference for Twilight Saga: New Moon in LA.
Style Evolution: Twilight Stars
2009 Kristen Stewart donned an aptly ethereal Oscar de la Renta gown for the The Twilight Saga: New Moon premiere in LA.
Style Evolution: Twilight Stars
2010 Green brocade jeans? They're a first on us, but Kristen Stewart manages to make them look cool with a biker jacket at the premiere of Remember Me in NY.
Style Evolution: Twilight Stars
2010 Strapless navy Monique Lhuillier was the gown of choice for Kristen Stewart at the 82nd Academy Awards.
Style Evolution: Twilight Stars
2010 Robert Pattinson oozed smart-casual in a soft-grey jacket and jeans at the UK premiere of Remember Me.
Style Evolution: Twilight Stars
2010 Kristen Stewart was a dazzling Dolce & Gabbana darling at the MTV Movie Awards in LA.
Style Evolution: Twilight Stars
2010 Kristen Stewart struck a pose in electric-blue-accented Versace with Taylor Lautner at a photo call for The Twilight Saga: Eclipse in Berlin.
Style Evolution: Twilight Stars
2010 Robert Pattinson proved he really is very plummy at the premiere of The Twilight Saga: Eclipse in LA.
Style Evolution: Twilight Stars
2010 Making a mark in Marchesa: Nikki Reed was a vision at the premiere of The Twilight Saga: Eclipse in LA.
Style Evolution: Twilight Stars
2010 One word: Wow! Kristen Stewart was stunning in a lace Valentino minidress at the screening of Welcome to the Rileys at the Tribeca Grand Hotel in New York.
Style Evolution: Twilight Stars
2010 A purple tie finished Taylor Lautner's steel-grey suit perfectly at the GQ Men Of The Year Party in Los Angeles.
Style Evolution: Twilight Stars
2011 We loved Robert Pattinson's laidack beige jacket, Kristen Stewart's glittering gold dress, and Taylor Lautner's men in black look as they accepted the award for Favourite Movie at the People's Choice Awards in LA.
Style Evolution: Twilight Stars
2011 Brown suits? Hmm, we love you, Robert Pattinson, but not enough to give this look a thumb's up. R-Patz showed off the look at the German premiere of Water For Elephants in Berlin.
Style Evolution: Twilight Stars
2011 Jackson Rathbone, Elizabeth Reaser, and Nikki Reed made a cool Twilight trio at the MTV Movie Awards in LA.
Style Evolution: Twilight Stars
2011 We're totally digging Taylor Lautner's scuffed-up boots, biker jacket and turned-up jeans at the 2011 Teen Choice Awards in LA.
Style Evolution: Twilight Stars
2011 Ashley Greene was pretty in a 40s-style peplum pencil dress as she joined Robert Pattinson ahead of the premiere of the Twilight Chapter 4 'Revelation' in Paris.
Style Evolution: Twilight Stars
2011 Kristen Stewart gave us a bit of leg at the LA premiere of The Twilight Saga: Breaking Dawn Part 1 in a stunning shimmering J Mendel frock.
Style Evolution: Twilight Stars
2011 Peter Facinelli was in the middle of a Donna Karan sandwich at the The Twilight Saga: Breaking Dawn: Part 1 screening in New York as both Nikki Reed and Ashley Greene chose the designer that night.
Style Evolution: Twilight Stars
2011 It's safe to say Kristen Stewart was the envy of thousands of girls at the UK premiere of The Twilight Saga: Breaking Dawn Part 1: not only was she sandwiched in between Taylor Lautner and Robert Pattinson (swoon), she also looked amazing in a Roberto Cavalli gown with a cut-out back.
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