Balenciaga (Spanish pronunciation: [balenˈθjaɣa]) is a luxury fashion house founded in Spain by Cristóbal Balenciaga, a designer born in the Basque Country, Spain. The brand is now owned by the French multinational company Kering. Balenciaga had a reputation as a couturier of uncompromising standards and was referred to as “the master of us all” by Christian Dior. His bubble skirts and odd, feminine, yet “modernistic silhouettes” became the trademarks of the house
In 1986, Jacques Bogart S.A. acquired the rights to Balenciaga, and opened a new ready-to-wear line, “Le Dix”. The first collection was designed by Michel Goma in October 1987, who remained at the house for the next five years to mixed reviews. He was replaced in 1992 with Dutch designer Josephus Thimister who began the restoration of Balenciaga to an elite, high-fashion status. During Thimister’s term, Nicolas Ghesquière would join as a license designer, and eventually was promoted to head designer in 1997
In 1992, for the Summer Olympic Games, House of Balenciaga designed the French team’s clothes.