Designer Alexander Wang is taking over the creative direction of Paris fashion house Balenciaga. Photos: AFP, AP

Leading fashion houses undergo DNA test as the industry's creative professionals play musical chairs

They were once considered kings of their trade, in charge of a glamorous empire spanning the globe. However, times have changed and many fashion designers have now been relegated to the role of mere subjects in a competitive realm.

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Designer Alexander Wang is taking over the creative direction of Paris fashion house Balenciaga. Photos: AFP, AP
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