Amplify your bag collection; shop the best-selling crossbody, tote, backpack, sling bag, & much more via TopOfStyle. Formed in 1917, Balenciaga is one of the widely known luxury fashion stores. Cristobal Balenciaga was known as the ‘Master of haute couture.” He made clothes with good designs, and his work continues to shape fashion even today. Beige was named after wool color in the beginning.