Prince Harry and Meghan Markle have reportedly not signed a mega deal with Dior after rumors swirled that the Duke and Duchess of Sussex were planning to collaborate with the fashion house.
After producing just one series of podcasts, streaming giant Spotify ended their multi-million dollar deal with the royal couple. Experts suggest this could negatively impact Harry and Meghan’s hopes of building a billion-dollar brand.
Read on to learn more.
Meghan Markle And Dior Reportedly Not Sharing
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Contrary to recent speculation, the Duchess of Sussex has reportedly denied claims that she is close to signing a lucrative deal with Dior to become the face of the famous fashion brand.
Reports have suggested that the deal could potentially amount to £15 million (around $19 million) for Meghan Markle and Prince Harry. However, sources close to the royal couple emphatically stated that no official contract had been negotiated.
Dior himself expressed surprise and confusion when mentioning the agreement. According to sources cited by Telegraph, “The Duchess of Sussex is not in talks to sign a deal with Dior. There is no truth to the claim that he will collaborate with the French fashion house.”
Prince Harry And Meghan Markle Love Dior
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While an official partnership with Dior isn’t in the works for Meghan and Harry, there’s no denying their admiration for the venerable fashion house.
During his father’s Coronation, Harry chose a Christian Dior suit. The Duke of Sussex also wore a $1,000 Dior ‘Bee’ suit for his recent appearance at the High Court in London. Additionally, she chose a Dior dress for her appearance at the United Nations last year, per Daily Mail.
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Likewise, the Duchess of Sussex has shown her appreciation for Dior by wearing their designs on important occasions. For the National Thanksgiving Service at the Cathedral of St. Paul in London, which commemorated the Platinum Jubilee, Meghan wore a stunning ensemble from the Dior Haute Couture Spring-Summer 2022 collection.
Meghan has also chosen Dior dresses for important events such as the Queen’s funeral, Archie’s christening, and various other important events and royal visits before she and Harry depart from official royal duties.
Spotify And Archewell Audio End Partnership
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Spotify and Archewell Audio, the podcast production company founded by Harry and Meghan, have decided to end their commercial partnership. This decision was made after the pair released only one of their “Archetypes” podcast series.
A joint statement was released on Thursday, stating, “Spotify and Archewell Audio have mutually agreed to part ways and are proud of the series we created together.” However, no specific details were given regarding the reason behind this sudden conclusion.
The collaboration between Spotify and Archewell Audio lasted less than a year, starting with the inaugural podcast series titled “Archetypes” hosted by Meghan. The show delves into the topic of limitations placed on women in society. Throughout the series, Meghan welcomed influential guests such as Mariah Carey, Mindy Kaling, and her close friend, Serena Williams.
Meghan Markle & Prince Harry’s Brand May Be in Trouble
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According to Daily Mail, Spotify’s decision to end its partnership with the Duke And Duchess Of Sussex could have significant financial implications for the royal couple, who could potentially lose as much as $10 million. Industry experts suggest this development does not bode well for their aspirations to build a billion-dollar brand.
PR guru Mark Borkowski expressed his concern, stating that this is a setback for Meghan and Harry’s brand, noting that “their star has really fallen”. Borkowski estimated the potential financial impact of the failed podcast venture to be as high as $10 million.
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According to Borkowski, “They’re not getting the right product quality and their new reality front is fading. The air is about to come out of their much hyped balloon and these little things are starting to erode the hype they had when they split from the Royal Family.
He went on to state, “If no one is interested in anything they have to say about mental health or the Royal Family then their stars are really falling. It’s not a good day for Meghan and Harry’s long-term brand.”
With the termination of the Spotify podcast partnership, Meghan and Harry’s main remaining deal is their £81 million ($103.6 million) deal with Netflix for the production of their documentary series.
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Source: thtrangdai.edu.vn/en/
