It's only been a few days since his much-talked-about departure from Balenciaga, but Alexander Wang is getting a new investor, according to Women's Wear Daily. The designer is reportedly close to signing a deal with General Atlantic, a Connecticut-based firm that counts Tory Burch, Gilt Groupe, and BuzzFeed among its clients. Last week, it was finally announced that Wang and Balenciaga are parting ways after the spring 2016 collection.
In his official statement about leaving the French fashion house, Wang said: "I would like to thank the brilliant team at Balenciaga for their collaboration and for what we have accomplished together, and I am looking forward to taking my own brand to its next level of growth." There was always speculation that Wang was leaving to focus on his namesake label, which he hasn't confirmed nor denied since the story first broke. However, that just might be the case after Wang opened his largest flagship store to date in London this past weekend.
"I always knew that London would be the first city that I would want to open a flagship in Europe," Wang told Vogue. The new location takes up four floors in an old post office building in Mayfair, one of the city's most fashionable areas.
Wang even collaborated with architect Vincent Van Duysen in designing the space. "I can't tell myself to stop sometimes," he added. "If I'm working and I'm in the middle of the process, or whatever it is, sometimes you do have to slow down and eat something or whatever. But if there's something going on that I get excited about, my excitement is very hard to compress."