The Greats

ON A WARM Paris night this past July, in the same neo-Classical palace off the Place de la Concorde where coronation balls were once held for Emperor Napoleon I and King Charles X, Balenciaga was hosting a dinner for Demna, its artistic director of seven years. Earlier that day, the 41-year-old Georgian designer had presented his second couture collection for the French fashion house founded in 1917 by Cristóbal Balenciaga, the Spanish designer whose bubble hemlines, sack dresses and cocoon coats offered an adventurous postwar alternative to Christian Dior’s hyper-feminine New Look of the late 1940s. Now, in a grand reception room of the recently restored 18th-century Hôtel

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