Balenciaga

It's been confirmed that Twilight star Kristen Stewart will star in her second campaign for Balenciaga's Florabotanica fragrance, Vogue UK reports. The actress, who is already the face of the iconic brand's playful scent, has reportedly already shot the second campaign. It's slated to be released this Fall.

There had been rumors that Kristen had severed ties with the French design house since Alexander Wang took over as creative director. She has not been dressed by Wang since he's stepped into the role, and Kristen recently spoke out in support of former Balenciaga creative director Nicolas Ghesquière. No further details have been announced about the forthcoming campaign.

Kristen Stewart has been confirmed to star in her second Balenciaga campaign. She is currently the face of the label's Florabotanica fragrance and has already shot a set of new ads for the perfume campaign, which will be released in the Fall. Fashion insiders had wondered if Kristen would sever her ties with the label after her friend and former Balenciaga designer Nicolas Ghesquière left the label and was replaced by Alexander Wang, who famously had Liberty Ross walk the runway during his label's Spring/Summer '13 presentation following Kristen's cheating scandal with Rupert Sanders.

The news of Kristen's Balenciaga campaign comes just one day after she was named the best dressed woman of 2013 by Glamour UK, beating out Kate Middleton and Jennifer Lawrence for the honor. Kristen is also gearing up for the 2013 Met Gala in NYC on Monday, but it still isn't clear which designer she will wear. As of now, Julianne Moore will reportedly wear a custom Balenciaga look by Alexander Wang, but that doesn't mean that Kristen won't also wear the label to the fashionable bash.

Hot on the heels of his silence-breaking interview about leaving Balenciaga in System magazine, Nicolas Ghesquière has spoken with 032c magazine about his plans now that he no longer works at the fashion house.

Ghesquière and his muse Charlotte Gainsbourg appear on the cover of 032c's Summer 2013 issue, which is due out next Tuesday. Inside the issue, 38 pages are dedicated to his final collection for Balenciaga, and there's a coordinating 14,000-word article on the designer written by Pierre Alexandre de Looz that goes along with it.

While Ghesquière doesn't specify exactly what his next steps will be, he does admit that "some interesting projects are on the horizon." Whether those project involve launching his own line or working with LVMH — both rumored possibilities for the designer — remains to be seen. But whatever he does next, Ghesquière says he has two clear choices to make.

"Now is my time to question interseasonality — it's always the opposite season somewhere in the world — and fashion's need to be global while respecting the environment and local cultures and of course the usual six-month cycle for collections," he says. "I may decide to fulfill that mission again, and I'll enjoy it as I always have."

"Another part of me absolutely wants to break these rules," Ghesquière continues. "I may be putting myself in danger, but that's what I want these days. I enjoyed years of extreme comfort at Balenciaga. It's fantastic to harvest that status to explore in new ways, rather than sticking to a routine, even if it was the most comfortable and incredible, I couldn't be in a better position."

Nicolas Ghesquière's departure from Balenciaga was one of the biggest fashion stories of 2012. After keeping mum on the topic for several months, the designer has opened up to System Magazine — a new glossy whose first issue was guest-edited by his friend, stylist Marie-Amélie-Sauvé — about what made him leave.

In an excerpt of the interview published by The Business of Fashion, Ghesquière told journalist Jonathan Wingfield that clashing with the business side on what kind of products to make and where to sell them contributed to his unhappiness there.

"They wanted to open up a load of stores but in really mediocre spaces, where people weren't aware of the brand. It was a strategy that I just couldn't relate to," he said in the interview. "It was just so frustrating. Everything was like that."

More on why Ghesquière left the brand, here.

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If you thought Nicolas Ghesquière would have more time to tend to his new Twitter account now that he's not creative director of a major brand anymore, think again. Word has it the former Balenciaga designer isn't resting on his laurels, and has had offers to finance his own brand from a number of investors.

Alexa, the fashion arm of The New York Post, reports that firms including Li & Fung and Only the Brave (which owns Diesel) have joined LVMH in offering to back a Ghesquière label, despite some analysts commenting that starting a new luxury brand from scratch is a risky proposition.

"Everyone is trying to get him," one source told the magazine. But not everyone has been willing or able to meet Ghesquière's terms, which reportedly include an equity stake in the new venture.

Whenever and however Ghesquière makes his return, he'll likely be welcomed back to the design world with open arms. Karl Lagerfeld said Ghesquière starting his own label "is not a bad idea," and the designer's personal friend Grace Coddington seemed confident he would find his way back into the industry at some point.

"He will bide his time and come back," she said in an interview with The Huffington Post. "He's too brilliant to just disappear. He's very passionate about what he does."