I like some elements – the shoulder things, the shoes – but it's all rather decadent, and not in the extravagant kind of way. More trash than chic, unfortunately.
He has a clear vision and wants to execute it, but this has nothing to do with Givenchy. The only value of the brand is now in the decades of marketing, and I guess you can flush the legacy down the toilet.
Also, the bags in every photo makes the company look desperate. And honestly, the bags overshine the fashion, which I guess was the whole point.