The designer previously said that he would not be interested in dressing the president-elect’s wife, Melania.
“I’ve known him for a long time. The guy is brilliant,” said Mitchell Modell.
According to reports, the rapper-designer will not be performing at the inauguration on Friday.
“I’m not worried. We’re going to take it one step at a time,” the Nike CEO said of the new administration.
The company came under fire after it was reported that a Bean family member made a donation supporting the president-elect.
She’ll be taking time to get settled in Washington, D.C., with her family.
Activist group Grab Your Wallet even began encouraging shoppers to boycott purchasing the company’s products.
This comes after her husband, Jared Kushner, accepted a role as senior adviser to President-elect Donald Trump.
The president-elect and the LVMH chairman discussed the opening of more U.S. factories.