Balmain has announced that its CEO, Massimo Piombini, is leaving the company for personal reasons, effective immediately.
“Under his leadership the company has experienced a significant growth and organizational evolution, setting solid basis for further growth of the brand in the next years,” Balmain said in a statement. “The house wishes him well on his future endeavors.”
A new CEO has not been announced, but will join the company in February 2020. This story will be updated as more information becomes available.