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.
The actress and humanitarian discusses the project and her broader fashion ambitions with BoF founder and editor-in-chief Imran Amed in an upcoming episode of The BoF Podcast.
The event drew an international crowd, with names like Gwyneth Paltrow and Anne Hathaway in attendance, but when it came to honourees, British design talent took centre stage.
The designer and CFDA chairman will front the auction house’s January sale of American paintings, furniture, ceramics and other objects, including a fashion selection in partnership with the CFDA, meant to hammer home the idea of American fashion as art, said Browne.
The e-commerce giant is seeking a cash injection to avert a collapse that could send shockwaves across the fashion industry. So far nobody has come to the table and time is running out, but founder Jose Neves may yet have a move up his sleeve.