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Balenciaga (/ b ə ˌ l ɛ n s i ˈ ɑː ɡ ə / bə-LEN-see-AH-gə, [1] Spanish: [balenˈθjaɣa], Basque: [balents̻i.aɣa]) is a Spanish luxury fashion house headquartered in Paris.It designs, manufactures and markets ready-to-wear footwear, handbags, and accessories, and licenses its name and branding to Coty for fragrances. [2]
In 2023, Sandro has over 50 outlets in the United States. [8] Isabelle Allouch, a former Balenciaga executive before joining SMCP Group, was named CEO in 2019. [9] In 2021, Sandro launched its second-hand offer in France and later in other European countries like Germany, the Netherlands and Spain. [8]
Aigner established himself designing handbags and belts for the European fashion elite. In 1950, after successful apprenticeships with designers Christian Dior and Cristóbal Balenciaga , Aigner arrived in New York City from Paris with plans to launch his brand in the new burgeoning American market.
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The traditional Balenciaga house was turned into a disruptive fashion house [32] and Yves Saint Laurent hit the 2-billion dollar sales mark in 2019. [33] However, from 2015 to 2022, the group's revenue was essentially driven by Gucci's year-on-year high performance, hitting the 10-billion dollars sales mark in 2022. [ 34 ]
Demna was born in Georgia in 1981. [3] During the War in Abkhazia, and the accompanying ethnic cleansing of Georgians, 10-year-old Demna and his family had to flee Sukhumi following an attack by Russian-backed separatist forces, who destroyed his home in a bombing.