Alexander Wang is the supposed leading candidate to head Balenciaga after designer Nicholas Ghesquiere announced his pending departure two weeks ago. A source with knowledge of the situation revealed to Cathy Horyn of the New York Times that the announcement could be made early next week. Neither Alexander Wang nor the Paris-based fashion house released comments on the developments, but this newest rumor sent Balenciaga and Alexander Wang fans into overdrive on Twitter, with some people applauding this possibility and others not wanting to see Alexander Wang take his talents to Paris.

[via NYT]