One month after Nicolas Ghesquière debuted one of the best shows of the spring season, PPR announced that Balenciaga and their creative director have decided to "end their working relationship". Taking the fashion industry by surprise, what will result in the aftermath? Nicolas Ghesquière has been the creative director of Balenciaga for the past 15 years. In an announcement that shook the industry, it was released that Nicolas Ghesquière would no longer be working for the brand. That leaves everyone in the industry asking the same question. Why? To start off, PPR is believed to have been attempting to push the brand in a more commercial direction. While they supported the rebranding of Yves Saint Laurent to St. Laurent as per Hedi Slimane's request, Ghesquière felt there was a lack of support and funding for Balenciaga. Women's Wear Daily reports that Balenciaga has a "short list" when it comes to candidates to replace Ghesquière. Speculations are circulating that Alexander Wang or Joseph Altuzarra could take the new head seat of the Parisian brand. Sources are also saying that PPR talent scouts are eyeing Mary Katrantzou, Christopher Kane, J.W. Anderson, and Thomas Tait. Whoever PPR chooses, they are going to have some big shoes to fill. Over the past 15 years, Ghesquière has transformed Balenciaga into one of the most talked about shows at Paris Fashion Week. With his aesthetic so integrated into our perception of Balenciaga, it will be an incredibly tough decision as to who is to follow in his footsteps. Balenciaga has not yet set a predecessor announcement date, so at this point anything can happen. Will Balenciaga be able to bounce back after this designer switch up? Fashion has already had a very turbulent year with Yves Saint Laurent and Dior's creative directors changing around. And it looks like we'll be looking forward to both the future's of Nicolas Ghesquière and his former position of creative director at Balenciaga. As future plans for Ghesquière are a mystery as of now. Need a refresher on the PPR drama that occurred during New York Fashion Week? Here's the low-down on the Cathy Horyn and Hedi Slimane rivalry that manifested itself last season.