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LVMH first-half profit soars as shoppers splash out on luxury fashion
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Dior, Fendi frenzy helps luxury group LVMH extend its reach
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How Luxury s Two-Speed Recovery Is Reshaping the Category | The Week Ahead, BoF Professional
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Phoebe Philo is Finally Launching Her Own Fashion Brand With LVMH Share
According to
Business of Fashion, the British designer will be launching her own fashion label with LVMH, the luxury conglomerate that owns brands like Louis Vuitton, Dior and Givenchy.
Philo’s upcoming eponymous fashion brand will offer clothing and accessories “rooted in exceptional quality and design”. In other words, it will be very much aligned with the design language that she cultivated at Céline, the LVMH-owned French luxury label where she served a successful run as creative director for 10 years before stepping down in 2017 to focus on her family.
Virgil Abloh Got a Powerful New Gig Photo: Getty Images
On Tuesday, the most powerful luxury-goods conglomerate in the world announced that it is giving a seat to one of the most prominent Black designers and executives in fashion. LVMH is becoming a majority investor in Off-White, the high-end streetwear brand founded by Virgil Abloh in 2013 in Milan.
As part of the agreement, LVMH is purchasing a majority stake of 60 percent in Off-White LLC, the trademark owner of Abloh’s Off-White brand. Milanese company New Guards Group, which is owned by Farfetch, will continue to operate the business since it owns the license for the brand. Meanwhile, Abloh will retain a 40 percent ownership and will also continue as creative director at Off-White, as well as at Louis Vuitton as artistic director of the French fashion house’s menswear collections.