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LVMH acquires a majority stake in Off-White LLC to expand luxury portfolio

LVMH acquires a majority stake in Off-White LLC to expand luxury portfolio

10/02/24, 11:31 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/IT.svgmilan
Industry
retail
LVMH, the French multinational luxury goods conglomerate, has completed the acquisition of a 60% stake in Off-White LLC, the Milan-based fashion label created by Virgil Abloh. This strategic move aims to expand Off-White's portfolio beyond clothing and enter new markets, while allowing Virgil Abloh to retain 40% ownership and his role as creative director.

Company Info

Company
LVMH
Company info
The Arnault Family is the family of France’s richest person, Bernard Arnault, with a significant presence in the luxury goods industry through the LVMH conglomerate. The family is known for its strategic investments and diverse business portfolio.

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