Watch Out: Alexander Wang Is Now A Mogul
Control is really a funny thing isn’t it? The less we have, the more we want—and then, when we finally have all of it, we usually retire. Which brings us to Alexander Wang, the latest designer to join in on the fashion industry’s lengthy game of musical chairs. The only difference is Wang is keeping his version of musical chairs in the family.
The Taiwanese designer announced yesterday that, in addition to his role as creative director of his eponymous label, he will be taking on his sister-in-law Aimie Wang’s role of chairman and his mother Ying Wang’s role of CEO. “My family and I have been preparing for this shift all along, and after 11 years all family members feel the time is right,” he said. “The family are still board members and give their full support.”
And with this announcement came a couple more too, namely that he’ll be bringing on his aunt Caroline Wang as executive vice chairman and Mary Wang (oddly no relation) as executive vice president.
It’s not surprising to see Wang fully immerse himself in his brand; after stepping down from his role as creative director of Balenciaga last October, he announced his intention to dedicate more of his time and energy to his namesake line. And from the success he’s seen at such a young age, it’s obvious that, while he certainly likes to have fun, he’s also incredibly business savvy. In a statement, he said, “The business side has always come naturally to me, and with my full-time return to New York, I want to focus on my brand’s strategic growth. Now is the right time to fully synchronise the creative and business aspects of the company and to continue strengthening the dialogue we have with our customers. It has always been my goal to create brand value, and to be a brand with integrity and purpose.”
And a commendable goal indeed! The Wang clan, it seems, is well on its way to becoming a Wang empire. Watch out, Cookie.
Image by Sonny Vandevelde and via Getty Images.
Stay tuned to Milk for more fashion musical chairs.