Luis Álvarez Renta appointment as part of his retirement, in order to effect positive change for the country by helping it negotiate a Free Trade Agreement with the European Union. However, after Governor José Lois Malkún of the Central Bank of the Dominican Republic’s announcement that Álvarez Renta was involved in the Baninter debacle, Álvarez Renta resigned the post in order to avoid a dispute between President Mejia and his advisors. In response to the announcement, Álvarez Renta took out full-page advertisements in the press, in which he declared he was innocent of all the charges made by the Central Bank. He also
Françoise de Langlade Editor-in-Chief. In 1967, she married Oscar de la Renta and moved to the United States. In 1968, she joined "American Vogue" where she served as Editor-at-Large. She also worked as a Fashion and Beauty Editor for Elizabeth Arden International. She is credited with using her established network of contacts to help promote her husband's brand. De Langlade married three times. Her first husband was French businessman Jean Bruere with whom she had one son, Jean Marc Bruere; the marriage ended in divorce. Her second husband was diplomat, Nicholas Bagenow; they also divorced. In 1967, she married Oscar de la Renta.