The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The designer, accused of sexual assault by at least eight alleged victims over the past week, took to his personal Instagram account on Monday to post a statement, following his denial on New Year’s Eve.
“I’d like to take the opportunity to connect directly with the people who have followed and supported this brand and me over the years and address the recent false, fabricated and mostly anonymous accusations against me,” he said, adding that, “My team is doing everything in their power to investigate these claims and I promise to remain honest and transparent throughout that process.” He also called the claims, which included accounts of sexual assault and druggings, “baseless.”
Both Wang’s own Instagram account and the brand’s account remain closed to comments. Read more of BoF’s analysis on the Wang allegations — and the potential ramifications for his business — in our latest report.
LVMH named Satoshi Kuwata’s Setchu as the winner of its 2023 Prize for Young Designers Wednesday.
The brand on Monday revealed its 2023 “Blue Book” collection of high jewellery, a series of intricate pieces priced upwards of $75,000 that marks the brand’s first high jewellery collection since bringing on former Cartier designer Nathalie Verdeille as chief artistic officer in 2021, as well as the first collection fully developed under LVMH.
New Guards Group co-founders Davide De Giglio and Andrea Grilli are exiting the company, owner Farfetch announced Thursday.
The LVMH watchmaker has ‘reached milestones in brand transformation,’ said chief executive Frédéric Arnault in an exclusive interview with BoF.