French luxury goods company LVMH has agreed to acquire a stake of 60% in Off-White LLC, the trademark owner of American designer Virgil Abloh’s street fashion brand Off-White. Virgil Abloh will retain the remaining 40% stake and will continue as the brand’s creative director. The financial terms of the deal were not disclosed. Off-White, which […]
Birkenstock, a German shoe manufacturer, has agreed to sell a majority stake to private equity firm L Catterton and its affiliates including Financière Agache. Financière Agache is the family investment company of billionaire Bernard Arnault, who is the chairman and chief executive of French luxury conglomerate LVMH Moët Hennessy – Louis Vuitton. The financial terms of the […]