Balenciaga, founded in 1917 by Cristóbal Balenciaga, is a luxury fashion house known for avant-garde designs and innovative tailoring. Balenciaga revolutionized fashion in the 1950s with creations like the balloon skirt and sack dress. After closing in 1968, the brand was revived in 1986, with Nicolas Ghesquière adding futuristic, experimental touches. In 2015, Demna Gvasalia became creative director, incorporating streetwear, deconstruction, and oversized fits, which attracted younger audiences. Iconic pieces include the Triple S sneakers and Knife Heels. Balenciaga's edgy, minimalist aesthetic blends high fashion with pop culture, though it has faced controversies, including overpricing and ad campaigns.