Balenciaga’s Winter 25 campaign blends raw, sculptural silhouettes with a sense of grand theatre. Shot by Juergen Teller in a Biarritz hotel and starring Nicole Kidman and others, the campaign also teases the Balenciaga x PUMA collaboration, which adds technical touches like shearling Le City bags and pink croc‑embossed accessories to the house’s edgy aesthetic.
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