Daily Digest

LVMH Acquires Nicholas Kirkwood; Raises Stakes in Young Designer Game

Nicholas Kirkwood | Source: Courtesy photo

“Today LVMH announced it has purchased a majority stake in UK shoe designer Nicholas Kirkwood for an undisclosed amount (that’s actress Rooney Mara wearing his peep-toes, left), making him the second YBD this year to get snapped up by a big brand, following Kering’s acquisition of Christopher Kane. As one British style watcher said: ‘They’re buying like it’s 1999.’”