The recent inauguration of Donald Trump has sharply divided the fashion industry. Major luxury players, represented by figures like Bernard Arnault of LVMH, have allied themselves with Trump's administration for business reasons, especially given potential tariffs affecting European goods. Conversely, independent brands, such as Willy Chavarria, are taking a stand against Trump’s policies. This split illustrates the tension between the profit-driven motives of large brands and the social/political stances of smaller, independent designers in the current political climate.
"Major players showed their true colours last week. Among the tech billionaires and surprise celebrities at Trump's inauguration was Bernard Arnault, the CEO of fashion conglomerate LVMH."
"Eugene Rabkin, editor of StyleZeitgeist magazine, says the Arnaults' presence at the inauguration speaks volumes. At the high-revenue level some brands operate at, they cannot afford to make an enemy of Trump."
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