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BONDAGE BEARZ Restraining & Bondage-500000050628 Restraining & Bondage Brown One Size

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Balenciaga could suffer a major financial hit — and lasting damage to its coveted brand — after the pricey luxury label ran an ad campaign with children holding teddy bears wearing sexual bondage gear, industry experts told The Post. I don’t see how they defend themselves, quite honestly,” luxury marketing expert Pam Danziger told The Post. “I think this will have a very strong impact on the brand ultimately.”

On Monday, all eyes in the industry will be on the Fashion Awards at London’s Royal Albert Hall, where Demna, who does not use his surname, has been tipped to win Designer of the Year. The awards are decided by a secret ballot of 1,000 members worldwide, and voting concluded before the scandal broke. Balenciaga said all the items in the shoot “were provided by third parties that confirmed in writing that these props were fake office documents. They turned out to be real legal papers most likely coming from the filming of a television drama.”The advertisements came out at Paris Fashion Week and supported the company’s spring/summer 2023 collection.

We strongly condemn abuse of children in any form. We stand for children’s safety and well-being,” the company concluded. The flap unfolded last week when the Spanish fashion brand apologized for the revolting campaign. It pulled the ads and later filed a lawsuit against the producers, blaming them for the inappropriate imagery. One of the handbags in the form of a teddy bear in bondage gear from Balenciaga’s summer 2023 collection Photograph: Balenciaga But Balenciaga — owned by the French luxury giant Kering, which also owns Gucci, Yves Saint Laurent and Bottega Veneta — will likely take a hit to its bottom line for its poor taste, even as it scrambles to reverse the damage with firings and finger-pointing, experts tell The Post.Amid scrutiny of the contentious campaign, one eagle-eyed watchdog spotted the high court documents about child pornography laws. Experts likewise question Balenciaga’s claim that it never approved the ads. Another recent ad for a purse depicted a messy desk with papers strewn everywhere, including a Supreme Court decision on child pornography, eagle-eyed social media investigators found.

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