Former Girls' Generation member Jessica's rumored boyfriend Tyler Kwon has come forward to address speculations concerning her newly rebranded fashion label 'BLANC & ECLARE'.

SEE ALSO: Jessica rebrands her fashion label as 'BLANC & ECLARE'

BLANC & ECLARE HEADQUARTERS

10 OCTOBER: 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."

What do you make of the press release?