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(AP Photo/Lewis Joly, File) PARIS (AP) — Pierpaolo Piccioli, who left Valentino last year, is the new creative director of the iconic fashion house Balenciaga, parent company Kering announced Monday.

He replaces Demna, who joined Balenciaga in 2015 and has since moved to Gucci in a shake-up of Kering's creative stable. Gucci is also owned by Kering. Piccioli takes over at Balenciaga on July 10.