LVMH Acquires Majority Stake in Nicholas Kirkwood

Nicholas Kirkwood | Source: Courtesy photo

LONDON, United Kingdom — LVMH Moët Hennessy Louis Vuitton has taken a majority stake in London-based luxury footwear brand Nicholas Kirkwood. The exact size of the stake and financial terms were not disclosed, though LVMH characterised the deal as a “long-term partnership.”

…Continue Reading

Kering Takes Minority Stake in Altuzarra

Joseph Altuzarra | Source: Courtesy photo

NEW YORK, United States — Kering, the luxury conglomerate formerly named PPR, has taken a minority stake in Altuzarra, the label founded in 2008 by French-American designer Joseph Altuzarra. The deal was finalised yesterday, only days before the label is scheduled to show its Spring 2014 collection at New York Fashion Week, and announced by Altuzarra and Kering this morning.

…Continue Reading