As soon as Alexander Wang was appointed Creative Director of Balenciaga in December 2012, replacing Nicholas Ghesquière, his appointment was seen as a move to inject the heritage brand with his signature cool. And all seemed to be going well - or at least we thought.  However now two and a half years on, WWD is reporting that the designer is currently in negotiations talks with the fashion label over the renewal of his contract – and rumour has it that his contract may not be renewed at all.