Guram Gvasalia, co-founder and CEO of Vetements, has announced plans to help foster young talent. Speaking at WWD’s Apparel & Retail CEO Summit, he revealed he intends to create a platform next year that will support young designers, which will include introducing co-working spaces at his offices, talks with students about the fashion industry, and providing scholarships.
Gvasalia said that he and his team plan on being “like a big brother” to young talent. “What we do is put the right people with the right talent together in groups, and we give them the possibility to create something that is new and does not already exist – something that is young, modern and cool." Vetements will launch the platform next year, for now details are still relatively limited.
The Vetements co-founder also revealed plans to expand the company, following the departure of his brother and co-founder Demna Gvasalia. "With a big ready-to-wear business, the plan is to start separate businesses around that such as ones for shoes, underwear and sunglasses that will each have their own distribution channels," he explained.