Paris, France – Stella McCartney is repurchasing the minority stake held by luxury conglomerate LVMH in her namesake fashion house, nearly five years after the French group acquired it, both LVMH and McCartney confirmed in a joint statement on Monday. The move marks a significant shift in the relationship between McCartney and LVMH, with the
Paris, France – Stella McCartney is repurchasing the minority stake held by luxury conglomerate LVMH in her namesake fashion house, nearly five years after the French group acquired it, both LVMH and McCartney confirmed in a joint statement on Monday.
The move marks a significant shift in the relationship between McCartney and LVMH, with the designer regaining full control over her brand. The partnership began in 2018 when LVMH bought a minority share in the business, signaling its support for McCartney’s eco-conscious fashion vision.
Details of the deal, including the financial terms, were not disclosed, but industry experts suggest that McCartney’s decision to repurchase the stake reflects her desire for greater autonomy in managing the brand’s direction.
The fashion house, renowned for its sustainable approach to luxury, has continued to grow in prominence, and McCartney’s decision to buy back the stake highlights her commitment to maintaining creative independence.
Leave a Comment
Your email address will not be published. Required fields are marked with *