Demna Gvasalia - Designer, Creative Director of Balenciaga

[gazebo]

I need more of this lady! I've subscribed to her channel; real old-school fashion reportage.

 

[gazebo]

The whole video feels like a cheap parody made by Balenciaga...

Now I really think it might be

 

[RosesAreRed]

Stock is down today.
8.8% in past 5 days.

What do you all think?

 

[gallianostan]

Stock is down today.
8.8% in past 5 days.

What do you all think?

is that a lot? i know nothing about the stock market so i have no idea lol

 

[LadyJunon]

is that a lot? i know nothing about the stock market so i have no idea lol

You and me both! The only fashion language I speak is "runway show".

 

[LadyJunon]

Stock is down today.
8.8% in past 5 days.

What do you all think?

is that a lot? i know nothing about the stock market so i have no idea lol

You and me both! The only fashion language I speak is "runway show".

I had a quick look at stock market lingo and long story short, Balenciaga lost 8.8% of the value it had 5 days ago.

That's a hard hit to the company.

 

[gallianostan]

I had a quick look at stock market lingo and long story short, Balenciaga lost 8.8% of the value it had 5 days ago.

That's a hard hit to the company.

if they don't get rid of charbit and demna then they're just asking for it at this point

 

[LadyJunon]

if they don't get rid of charbit and demna then they're just asking for it at this point

Maybe all the fetish gear made Balenciaga a masochist.

 

[gazebo]

I had a quick look at stock market lingo and long story short, Balenciaga lost 8.8% of the value it had 5 days ago.

That's a hard hit to the company.

Were they expecting this when they had the show at Wall Street?

 

[gallianostan]

Were they expecting this when they had the show at Wall Street?

life imitates art.

 

[Caffeine]

blown out of proportion in the US

Is it? I don't know. I don't have all the facts except for a series of disturbing runway shows/ads.
Who knows what happens behind the scenes

 

[donyan]

I had a quick look at stock market lingo and long story short, Balenciaga lost 8.8% of the value it had 5 days ago.

That's a hard hit to the company.

checked it out too , and for the moment there’s no need to panic for them , look at the long term and the stock was much lower even a few months ago. If, however, the trend continues for the next 7 to 10 days then it’ll probably mean they’ll have to act

 

[yslforever]

I had a quick look at stock market lingo and long story short, Balenciaga lost 8.8% of the value it had 5 days ago.

That's a hard hit to the company.

It's a hit compared to LVMH performance: investors maybe wary of Balenciaga holiday sales but 1) Balenciaga is only around 15% of the turnover of Kering, 2) they might be more worried about Gucci turnaround and sales.
((it's still difficult to compare to LVMH because they have huge alcohol and hard luxury segments Kering doesn't own))
But all luxury brands and conglomerates will be boosted by China new Covid rules, with more flexible restrictions, meaning reopenings of cities, boutiques, duty-free shops, and the popular Hainan island.
Holidays sales and then Chinese NYE sales will tell.

 

[avonlea002]

I don't care about the "scandal". I just want him to be gone.

 

[Bernie Flood]

He is done

 

[Caffeine]

He is done

you have a source or is it your wish?

 

[Jacque Marcel]

After all the crazy, we somehow are still stuck with both Demna and Kim K? I would think one of them would have been sacrificed to the Balenciaga demon, figuratively of course.

 

[Deleted member 7575]

It's a hit compared to LVMH performance: investors maybe wary of Balenciaga holiday sales but 1) Balenciaga is only around 15% of the turnover of Kering, 2) they might be more worried about Gucci turnaround and sales.
((it's still difficult to compare to LVMH because they have huge alcohol and hard luxury segments Kering doesn't own))
But all luxury brands and conglomerates will be boosted by China new Covid rules, with more flexible restrictions, meaning reopenings of cities, boutiques, duty-free shops, and the popular Hainan island.
Holidays sales and then Chinese NYE sales will tell.

I think the bigger issue is what they had planned for Balenciaga. They had a really ambitious strategy for growth with a big focus on the American market . This is why they had that show in Wall Street. I think all of their plans are now scrapped or at least have to be rethought and put on pause.

Add to that inflation and concerns of a coming recession---this scandal has really come at a terrible time. Kering is going to have to rethink a lot of their group strategy because of the snafu.

Also, I'm not so sure we can count on China right now for sales either.

 

[Deleted member 7575]

After all the crazy, we somehow are still stuck with both Demna and Kim K? I would think one of them would have been sacrificed to the Balenciaga demon, figuratively of course.

I can't believe Charbit hasn't been fired.

 

[IloveDiorHomme]

What is the reaction in China / South Korea / Japan about the scandal ?

I wonder if customers based in Asia are still buying/supporting the brand, what was the press opinion, how the medial dealt with it...