LVMH takes minority stake in Gabriela Hearst
7 days ago - By Fashion United
Gabriela Hearst is joining the LVMH portfolio. The investment arm of the international luxury group LVMH, called LVMH Luxury Ventures, has taken a minority stake in the New York-based fashion label.
While terms of the deal have not been announced, a press release noted that LVMH Luxury Ventures' investments usually range from 2 million to 15 million euros.
Owned by Gabriela Hearst, the wife of heir to the Hearst Magazines media empire Austin Hearst, the eponymous label first launched in Fall 2015. The brand has seen a quick but strategic climb to success. The brand didn't introduce its own...
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LVMH Luxury Ventures Takes Minority Stake in Gabriela Hearst
7 days ago - By WWD
Gabriela Hearst LLC said Monday it has received a minority investment from LVMH Luxury Ventures, an entity within LVMH Moet Hennessy Louis Vuitton. Terms of the investment were not disclosed.
In business since 2015, the Gabriela Hearst brand focuses on luxury ready-to-wear and accessories. The designer opened her first flagship store in November at the Carlyle House on Madison Avenue, has developed a robust ready-to-wear and accessories business, was the grand prize winner of the International Woolmark Award, and a 2018 finalist for the CFDA Womenswear Designer of the Year award. Her...
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Gabriela Hearst Receives Minority Investment from LVMH Luxury Ventures
7 days ago - By Fashionista
Gabriela Hearst, the American luxury brand dedicated to sustainability, is kicking off 2019 with big news: The label has received minority investment from LVMH Luxury Ventures. Per a release, LVMH Luxury Ventures is an entity within the fashion powerhouse conglomerate launched in 2017...
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