Recently, wedding fashion icon Vera Wang announced her upcoming divorce from her husband of over 20 years. Since wedding dresses have been the cornerstone of her fashion empire, some wonder if she may lose some business, being that happily ever after did not happen the way she planned. Others continue to trust her designs and focus on her product not her personal life.
There are many different perspectives to look at. As a famous designer, Wang’s name is also her brand. It’s possible that if her spouse holds a greater responsibility for the breakup, he is damaging her brand, which may affect her future income potential. On the other hand, the marriage and Wang’s husband’s support of her business could lead to a property division decision in which Wang’s ex gets some of the business value. It’s very possible, however, that the couple came up with a contract regarding how the business would be affected by a potential divorce.
Of course, most people who face divorce aren’t in the public eye, but in their own personal universe within their business or workplace, a pending divorce can often shake up how one’s coworkers, bosses and clients perceive them. A loyal spouse, making the right appearances at the right time can have a positive impact on their spouse’s career. A misbehaving spouse can have the same type of negative effect. It’s these types of realities that make property division more difficult than deciding who bought what and divvying it up.
Divorce can happen to anyone, even someone who is a pure romantic and dresses brides for a living. Hopefully, consumers won’t hold Wang’s divorce decision against her. Just like the many people who choose to either marry or divorce every day, Wang is likely just trying to make the life for herself that makes her happiest.
Source: CNN, “Will brides’ love for Vera Wang fade?” Sarah LeTrent, July 18, 2012