Following reports made earlier this month about the rebranding of ‘BLANC’ to ‘BLANC & ECLARE’ by Jessica, her alleged boyfriend, Tyler Kwon has stepped forward in defense of the company, against speculations of outside investors, debt, and his involvement in the growing company, through a brand new press release.
The press release in full, shared on ‘BLANC & ECLARE’s’ official website on October 10, reads as stated below:
“In response to speculation regarding the BLANC & ECLARE corporate structure, capital investor Tyler Kwon responds on behalf of the Company’s Board of Directors:
‘BLANC & ECLARE is a privately owned company. Founder Jessica Jung took the helm as Head Designer and sought support from Coridel Capital Partners, the only other party providing investment capital to the Company, to support the Founder’s goals and ambitions. To date, the Company and its Board of Directors have not approached any other outside equity investors and there are no plans for the debt-free Company to do so in the near future. We have tremendous confidence and remain fully committed to the BLANC & ECLARE team that continues to be focused on and executing its global strategic vision.’”
Tyler Kwon has emphasized that Jessica’s company is privately owned, has no plans to seek outside investors, and is debt-free.