The True Meaning Of Balenciaga...And It's *NOT* "Do What You Want"
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The true meaning of Balenciaga is Balanciaga, it is the surname of the Spanish fashion designer who started the company - Cristóbal Balenciaga (1895 to 1972). The person this company was founded by and named after Balenciaga was born well before 1904 when Crowley visited Egypt and wrote The Book of the Law.
The founders full name is actually Cristóbal Balenciaga Eizaguirre, In the Basque region of Spain, the first surname is Balenciaga and the second is Eizaguirre.
Basque surnames are not derived from an ancestor (or the profession of an ancestor like butcher, baker or gardner), but rather from the name of the family's home. surnames fall into two categories: a description of the family home or the name of the first owner of the home.
The Crowley connection is entirely spurious as you say. This is likely disinformation.