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Demna’s legacy at Balenciaga by the numbers: Revenue growth: From approximately $390 million to nearly $2 billion during ten-year tenure Brand transformation: Converted heritage couture house into contemporary luxury cultural phenomenon Mainstream crossover: Made Balenciaga relevant to audiences who’d never previously engaged with Parisian fashion Kim partnership: Identified and executed the celebrity partnership that gave Balenciaga its mass culture reach Gucci move: Kering deploying his proven commercial abilities to revive its struggling flagship brand Kim’s position after Demna The critical question facing the Kim-Balenciaga relationship is whether it was about the house or about Demna