“Because September includes public holidays, we said that if they simply gave us a bit more time, we would be able to resolve the entire matter, but they insisted that we repay everything in two weeks,” said Tyler Kwon. Tyler Kwon added that even though he explained that BLANC & ECLARE had reached an agreement with Spectra SPC to extend the time period of the loan, Joy King Enterprises continued to insist on the two-week deadline, which ultimately led to a lawsuit. “However, in August, the loan was transferred to Joy King Enterprises,” he continued, “and without our even knowing that the loan had been transferred, Joy King Enterprises suddenly contacted us and said, ‘Repay the loan within two weeks.'” Then, in 2020, due to the situation with COVID-19, we came to an agreement with Spectra SPC to extend the time period of the loan past what we had initially promised.” Tyler Kwon remarked, “After we first received the loan from Spectra SPC in 2016, we diligently paid off the loan for about three years. Within one month of the transfer, Joy King Enterprises suddenly demanded that BLANC & ECLARE repay $6.5 million, a figure that includes interest on the loan, in just two weeks. ” Referring to misleading reports that suggested the loan had been made to Jessica as an individual, he added, “Her character has been defamed.”Īccording to Tyler Kwon, BLANC & ECLARE initially borrowed $4 million from Spectra SPC, and Spectra SPC transferred that loan to Joy King Enterprises in August. Tyler Kwon also clarified, “This is not Jessica’s personal debt, but a loan made to the corporation. “The situation is one that can be readily resolved,” he said. Speaking with Korean news outlet MyDaily, Tyler Kwon explained that the situation, which he lamented was “unfair,” had merely arisen due to the loan being transferred to a new creditor. On September 28, Tyler Kwon-who is both the CEO of Jessica’s agency and her longtime boyfriend-clarified recent reports by Hong Kong media outlets that BLANC & ECLARE, which Jessica founded in 2014 and is currently operated together by the couple, has been sued by Joy King Enterprises over an unpaid debt of $6.5 million. Swimwear, cosmetics, and sale merchandise are considered final sale and are not eligible for refund, credit, or exchange, unless the reason for return is damaged or defective merchandise, or an incorrectly processed order.īLANC & ECLARE reserves the right to deny any returns or exchanges if the items do not meet the policy requirements, or have been returned beyond the return/exchange period of 10 calendar days.Coridel Entertainment CEO Tyler Kwon has officially responded to reports that Jessica’s fashion brand BLANC & ECLARE is facing a lawsuit over an unpaid loan. BLANC & ECLARE does not take title to any returned products until they are received by us.īLANC & ECLARE offers free shipping on orders totaling over $200 USD, however if an item is returned resulting in a total transaction less than $200, a $30 shipping fee will be deducted from the refunded amount. We recommend selecting an insured and trackable shipping method as you are responsible for the product until it is returned back to BLANC & ECLARE. To return a product, please complete and enclose the return/exchange form included with your shipment (available for download on this page) along with the original invoice. Please be advised that return costs will be borne by the customer unless the reason for return is damaged merchandise or an incorrectly processed order. To exchange a product, please contact customer service at You may exchange the product for another item of equal or greater value within ten (10) days of delivery. Returned products must be in new and unworn condition, with all tags attached and in its original packaging. You may return any product ordered on the website for refund or exchange within ten (10) calendar days from the delivery date. If you are unavailable when your package arrives, SF-EXPRESS will send a message to your mobile and DHL and EMS will leave contact information to arrange a second delivery. This ensures your purchases are safely delivered to you. BLANC & ECLARE offers free shipping via SF-EXPRESS to Greater China Region and DHL and EMS to rest of countries in approximately 5-7 working days if product is in stock. Some regions may require a 10% international tax. Once we have shipped your order, we will send you an email with shipping details and a tracking number. You, or an authorized person, must sign for your order upon arrival.
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