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LVMH, Off-White and Virgil Abloh
LVMH sells Off-White streetwear brand founded by Virgil Abloh
French luxury group LVMH has sold the streetwear brand Off-White founded by the late designer Virgil Abloh to a brand management company.
Virgil Abloh’s Off-White Sold to Bluestar Alliance by LVMH
LVMH was reported to have bought a majority stake in Off-White back in July 2021. At the time, Abloh had been designing for the LVMH-owned Louis Vuitton for three years. Abloh, 41, died in November 2021 after a two-year battle with a rare type of cancer.
LVMH Has Sold Off-White™ to Brand Management Company Bluestar Alliance
Just three years after acquiring 60% of Off-White™ from Virgil Abloh in July 2021, LVMH has sold Off-White LLC — the Off-White™ brand’s parent company — to brand management entity Bluestar Alliance. In a poignant twist of fate, the sale was announced on the late Abloh’s birthday.
Off-White sold by LVMH to Bluestar Alliance
Weeks after its debut NYFW show, the brand will now sit alongside Bluestar-owned Scotch & Soda, Hurley and Catherine Malandrino.
LVMH Sells Off-White to Bluestar Alliance
Bluestar Alliance owns, manages, and markets a portfolio of consumer brands ranging from Hurley, Scotch & Soda and Bebe, to Elie Tahari, Catherine Malandrino and Nanette Lepore, among others.
Commercial Observer
1h
LVMH Secures 150K-SF ‘Swing’ Office Space at 590 Madison Avenue
Luxury retail giant LVMH joined this week’s six-figure lease club by securing 150,000 square feet at 590 Madison Avenue.
23h
LVMH's Bernard Arnault overtakes Mark Zuckerberg to become 3rd-richest person after $30 billion wealth surge
China's stimulus plans have lit a fire under LVMH stock, boosting CEO Bernard Arnault's net worth from $177 billion to $207 ...
3h
LVMH takes 4 floors at 590 Madison Avenue
Luxury brand conglomerate Louis Vuitton Moet Hennessy, or LVMH, leased four floors of 590 Madison Avenue at East 57th Street.
6d
on MSN
LVMH’s Head of Selective Retailing Is Set to Leave Luxury Group
The head of LVMH’s business unit that operates the Sephora beauty chain and Parisian department stores is set to leave the ...
3d
LVMH deal spurs rally in Moncler, speculation about luxury sector M&A
Shares in Moncler rose sharply on Friday after French rival LVMH invested in the Italian outerwear specialist, fuelling ...
5h
Live news: LVMH sells Off-White luxury label to owner of surfwear brand Hurley
French luxury group LVMH has sold the pioneering streetwear brand Off-White, founded by the late designer Virgil Abloh, to a New York-based brand management company.
4d
LVMH Invests in Luxury Outdoor Brand Moncler
LVMH is investing in designer outerwear label Moncler SpA in a deal that will give the French luxury conglomerate a seat on ...
Daily Front Row
1h
Valentino’s First Alessandro Michele Runway, LVMH Sells Off-White, Plus! Glamour’s Women of the Year!
From Alessandro Michele's first runway show at Valentino to LVMH's surprise sale, discover all the chic news to know today.
8h
How a micro miniskirt helped Prada buck the luxury slump
Thanks to coveted designs from Miu Miu and a company-wide turnaround strategy, Prada is one of the few luxury success stories ...
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Bernard Arnault
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