News No more luxury clothes for YG artists... (1 Viewer)

[JakeyWantsCakey]

As @Xoxo7 revealed in a thread earlier today, YG's BIGGEST investor, LVMH has decided to pull out from their investments in the company. How does this effect the artists' fashion you ask? Well my dears, LVMH is a HUGE parent company that just so happens to own A LOT of luxury fashion brands which might explain why YG artists have had such easy access to some of the most rare and sort after pieces of fashion over the years! Now with that connection gone, not only is YG Entertainment as a whole gonna suffer without their financial backing but there is also a possibility that their artists are about to lose their high-end images too...

 

[VillageIdiot]

They're not gonna fully decide to leave until November, right?
So we've got some time
And Blackpink's styling as been ass since their coordi left for JYP so...not really gonna miss em

 

[CrunchyLegend]

Literally the least of YG artists' problems right now. Plus, you see what most GGs get away with for styling, so it's not the biggest loss to begin with.

 

[Darkyoda47]

Literally the least of YG artists' problems right now. Plus, you see what most GGs get away with for styling, so it's not the biggest loss to begin with.

The actual problem is not who's withdrawing but the fact that investors are withdrawing. Let's hope this doesn't snowball because that will definitely not end well for YG. At the end of the day, it's still a company that accommodates a lot of employees and I really don't wanna see people lose their jobs over something that's not their fault at all.

 

[JakeyWantsCakey]

Literally the least of YG artists' problems right now. Plus, you see what most GGs get away with for styling, so it's not the biggest loss to begin with.

Yeah, I know. I've just been hearing the name LVMH a lot over the past couple of days and thought it was interesting when I found out they held so many shares in YG Entertainment of all things!

 

[Lighterxx]

real concern is snowball like ^ said

 

[Ashla_K]

LVMH = Louis Vuitton-Moet (Moet & chandon)- Hennessy is a huge corporation who owns some of the most high end fashion brands, not only LV but also Dior, Givenchy, Pucci, Fendi, etc. They also have other brands of alcoholic beverages, jewlery and accesories. It's a great loss indeed, I knew YGE had to return their investment quickly but to think they'll retire after so little time...

 

[CrunchyLegend]

The actual problem is not who's withdrawing but the fact that investors are withdrawing. Let's hope this doesn't snowball because that will definitely not end well for YG.

The sad fact is YG just isn't a safe investment right now. It's one thing when you take a loss because of the market or poor business decisions, it's a whole other thing when the company has exposed itself to multiple sources of risk because management either can't control rogue actors in its hierarchy, or worse, is complicit in their actions and encourages a corporate subculture that enables these kinds of individuals and behaviors.