A little over a month after Olivier Rousteing celebrated his 15th anniversary as creative director at Balmain—and the 80th anniversary of the maison’s founding—he is stepping down. The French designer was just 25 and working at Balmain under Christophe Decarnin who had transformed the business with his power shoulders and ultra-short hemlines, when he was announced as his successor in 2010. It was a lot of pressure for Rousteing, whose appointment made him the first Black designer to helm a French luxury house. But his…

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