Following the acquisition, LVMH will own a 60% interest in the trademark, whilst Abloh will retain a 40% interest and continue as creative director of the brand, which he founded in 2013.
Virgil, who first rose to prominence in the early 2000s as Kanye West’s creative consultant, works as artistic director atmenswear alongside running his own label, which is now known globally for its high-end streetwear. In a statement, LVMH said that in his new role, the menswear designer will help to launch new brands and also partner with existing ones to expand their current offeringto be a brand designed to empower our generation and challenge the status quo. LVMH brings to the table the additional firepower and scale to accelerate our momentum and evolve Off-White into a truly multi-line luxury brand.”
“I’m incredibly excited to work together with LVMH on other possible collaborations – an evolution of the great relationship I have had with LVMH, Bernard Arnault, Michael Burke at Louis Vuitton, and others. I’m also honoured to use this partnership to deepen my longstanding commitment to expand opportunities for diverse individuals and foster greater equity and inclusion in the industries we serve.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Black man who says 2 white men attacked him, then was himself charged, slams prosecutorA Black man in Indiana who accused 2 white men of attacking him last year and then was himself charged in connection to the incident is calling for the special prosecutor on the case to resign. The guy is trying to pull the race card when all three of them are at fault 🤣
Source: NBCNews - 🏆 10. / 86 Read more »
Everything you need to know about gripping new murder mystery drama The White LotusHBO's hit drama series The White Lotus is coming to UK screens via Sky Atlantic and NOW - find out more about the plot, cast and trailer here
Source: hellomag - 🏆 24. / 68 Read more »
Black man who says 2 white men attacked him, then was himself charged, slams prosecutor'There's nothing more American than charging a Black man in his own attempted lynching,' Vauhxx Booker said of the incident in Indiana.
Source: YahooNews - 🏆 380. / 59 Read more »
White House: Biden believes in legality of revised eviction banJen Psaki defended the Biden administration’s shifting position on the legality of lengthening the federal eviction ban. “The president would not have supported moving forward if he did not support the legal justification,” she said.
Source: politico - 🏆 381. / 59 Read more »
Michael Jai White Reveals Eldest Son Died From COVID at Age 38The 'Arrow' actor, who was 15 when his son was born, said they 'grew up at the same time' (via toofab) TooFab My condolences 💐 TooFab Prayers for this family 🙏🏾🙏🏾🙏🏾 TooFab How sad
Source: TMZ - 🏆 379. / 59 Read more »
U.S. pensions hurt by China's crackdown, says former White House trade advisor“Big tech in China was the target, but one of the biggest victims was America's pension funds,” former WH trade advisor Peter Navarro says of China’s tech crackdown. “I don’t know if they were a target as well or collateral damage.” Why do you have this crank on? Geesh JoeSquawk’s favorite nutbagger Haha not sure anyone cares what these two have to say. Not a lot of creditably there.
Source: CNBC - 🏆 12. / 72 Read more »