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LVMH to acquire majority stake in Virgil Abloh's Off-White label

LVMH is adding Off-White to its portfolio of brands after the French luxury house agreed on Tuesday to take a 60 percent stake in Off-White LLC. The Milan-based New Guards Group, the license holder of the brand, will remain an operational partner. Founder Virgil Abloh will remain in his role as creative director, in addition to his contractual...

20 Jul 2021