LVMH takes a minority stake in Gabriela Hearst.
LVMH Luxury Ventures made a minority investment in the rapidly emerging brand Gabriela Hearst. This is regarded as an important investment by LVMH in 2019. Though the terms of the agreement remain undisclosed, it is said that this investment will help the brand get global stronghold.
As per the press release, LVMH Luxury Ventures, an entity with the conglomerate is focused on investing in iconic brands. The typical investments from these ventures range from €2 million to €15 million per company. This is touted to be a very fast climb for the designer brand, who launched its collection in Fall 2015 show, with an objective of creating the first totally sustainable luxury label.