Both are personal friends of mine who have made extraordinary contributions to Vogue and many other titles at Condé Nast over the years, and both have issued objections or denials to what has emerged.
"I believe strongly in the value of remorse and forgiveness, but I take the allegations very seriously, and we at Conde Nast have chose to put our working relationship with both photographers on hold for the foreseeable future", she said in a statement.
"I'm completely shocked and saddened by the outrageous claims being made against me, which I absolutely deny", Weber said in a statement from his lawyer. In a statement to the New York Times Condé Nast chief executive Robert A. Sauerberg Jr. and artistic director Anna Wintour, who is also the editor-in-chief of Vogue, said: "We are deeply disturbed by these accusations and take this very seriously". The Times says 13 assistants and models accuse Testino.
The allegations against Testino date back to the mid-1990s and include groping and masturbation, the paper reported.
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And fellow model Ryan Locke described Testino as a "sexual predator" who he claims was aggressive and flirtatious throughout one naked shoot before ordering everyone else out of the room.
Photographic assistant Hugo Tillman said Testino once grabbed him on the street and tried to kiss him and, a few weeks later, pinned him down on a bed until he was removed by another person. Similarly, Testino's law firm refuted the allegations, adding that they contacted previous employees who "could not confirm any of the claims".
Another assistant, Roman Barrett, said sexual harassment was a "constant reality".
In 2014, the Peruvian photographer was awarded an honorary OBE for his services to photography and charity.
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Testino is a Vogue favorite and has photographed prominent members of the British royal family, including Princess Diana.
He has worked with brands such as Burberry and Michael Kors and his photographs of Serena Williams and her newborn baby feature on the cover of the February edition of US Vogue.
A New York Times investigation alleges that Weber - known for his celebrity portraits and Calvin Klein ads - subjected 15 current and former male models to unnecessary nudity and coercive sexual behaviour, often during photo shoots.
Models were asked to "breathe" and to touch themselves and Weber, moving their hands wherever they felt "energy", the newspaper said.
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She announced a new global "Code of Conduct" for contributors to all publications of Vogue's parent company, Conde Nast, for which she serves as artistic director. "I believe strongly in the value of remorse and forgiveness, but I take the allegations very seriously, and we at Condé Nast have made a decision to put our working relationship with both photographers on hold for the foreseeable future".