Almost two weeks ago we reported the breaking news that Balmain will take on an unknown designer to replace former creative director Christophe Decarnin, and now the wait is finally over – Olivier Rousteing has just been confirmed as the label’s new designer.

Rousteing is a French-born fashion designer, and after completing his studies at ESMOD in Paris in 2003, he went on to spend five years working with the women’s and men’s ready-to-wear collections at Roberto Cavalli, until he became in charge of Balmain’s womenswear studio in 2009.

Olivier was a key deputy of Christophe Decarnin at Balmain, and as suggested, is a predominantly unknown designer.

To begin with he will supervise the design and development of both men’s and women’s ready-to-wear collections, and will reportedly not give any interviews prior to the debut of his spring/summer 2012 collection later this year, reports Fashionologie.

We can’t wait to see what this young star has hidden up his designer sleeve…