Rumor: LVMH is in negotiations to buy shares of Off-White’s owning company
If this rumor is true, the move will bring LVMH Moët Hennessy Louis Vuitton closer to the main man of fashion, Virgil Abloh, OFF-WHITE founder and art director of menswear at Louis Vuitton.
LVMH boasts a wide range of prestigious fashion and leather brands / Ph: Off-White
“Eyeing stakes” in OFF-WHITEs owning company
Since its founding in 1987, LVMH has included a unique portfolio of more than 70 reputable brands. The Group is operating in five different fields including fashion & leather goods. LVMH boasts a wide range of prestigious fashion and leather brands, including Louis Vuitton, Loro Piana, Loewe, Céline, Givenchy, Berluti and Kenzo. In addition, Perfumes & Cosmetics is also one of the extremely lucrative sectors that this company has participated in. With a unique portfolio of leading Houses and reputable niche brands (Dior, Guerlain, Acqua di Parma, Fresh, Cosmetic Benefits), LVMH is a global leader in perfume and cosmetics for beauty and makeup.
Meanwhile, Off-White is an Italian-style luxury street fashion brand founded by Ghanaian-style fashion designer Virgil Abloh in Milan, Italy in 2012. The brand focuses on fashion. Regular and street fashion of both men and women. It has 24 stores worldwide. With a specific opinion and not necessarily the same as the seasonal male and female collections. It is a brand offering product also in the field of ready-made furniture and goods to reinforce a lifestyle approach.
Back to the problem, if rumors are true, This will help LVMH Moët Hennessy Louis Vuitton come closer to Virgil Abloh – OFF-WHITE founder and art director of menswear at Louis Vuitton.
New Guards Group Holding SpA is a joint stock company based in Milan, also take care of OFF-WHITE as well as Palm Angels, Heron Preston and Marcelo Burlon County of Milan.
Currently, this is not the only joint venture at LVMH. The company is also said to be making moves to create Rihannas own luxury fashion house.
Continue to update information to verify if this rumor is true or not.
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