FRANCE: Fashion Ace De La Renta To Quit Balmain
Famous designer Oscar de la Renta will tomorrow present his final collection for Balmain after nearly 10 years with the company, the French fashion house announced on Monday. The 70-year-old had been expected to present his last collection for Balmain in 2003, but after talks both parties agreed to make this week's show his last. His successor is expected to be named later this year.