Saturday, 21 September 2013

LVMH gets Nicolas Kirkwood

So LVMH strikes again! One of the worst-kept secrets in fashion is now out - LVMH have acquired a majority stake in Nicolas Kirkwood for an undisclosed sum.  LVMH said that Kirkwood will remain with the business following the sale, and will be given free rein to “further explore the boundaries of his creativity”.

This is seen as a move to bolster the ranks of young cutting edge designers at LVMH, which is better known for its uber-luxury brands such as Louis Vuitton, Celine, Fendi and Kenzo. But what Kering does, LVMH has to do better, and after Kering's acquisition of 51 per cent of Christoper Kane earlier this year, the question has not been if, but when, LVMH would muscle in on the British scene.

But the stake in Kirkwood is a solid investment in its own right. The two-time Accessories Designer of the year at the British Fashion awards, this year became the first accessories designer to be awarded the British Fashion Council/Vogue Designer Fashion Fund.  His shoes have been worn by Beyonc√©, Sarah Jessica Parker and Jessica Alba. 

Check out the report on the Cut here:


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