Overview
- The Paris house announced his exit, and Rousteing thanked Mayhoola chairman Rachid Mohamed Rachid and CEO Matteo Sgarbossa in his farewell statement.
- Balmain leadership lauded his influence, with Rachid and Sgarbossa saying his vision redefined fashion and leaves an indelible mark.
- During his tenure, revenues rose from about €30.4 million in 2012 to an estimated €300 million, alongside the return of couture, beauty and fragrance licensing, and expanded accessories.
- Rousteing, who joined Balmain in 2009, became creative director in 2011 at age 25, the first Black designer to lead a heritage French house.
- The brand said a successor structure will be detailed in due course, and Rousteing’s next plans have not been disclosed.