In Brief: Alexander Wang to Balenciaga, Magnus Berger Joins WSJ., Awards Roundup

• Wake the kids and phone the neighbors: Alexander Wang is taking the creative helm at Balenciaga. Look for the PPR-owned house to make it official next week, according to WWD. Wang will replace Nicolas Ghesquière, whose departure was announced earlier this month and becomes effective today. Wang’s brand has soared in recent years, staking out a lucrative turf between contemporary and designer pricing. His spring 2013 collection ripped off borrowed liberally from the design signatures–if not the technical prowess–of Ralph Rucci, a true innovator in the mold of Cristobal Balenciaga himself.

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