Stella McCartney Buys Back Minority Stake From LVMH
Stella McCartney is buying back the minority stake in her fashion brand held by LVMH Moët Hennessy Louis Vuitton, the luxury giant said in a brief statement.
The group said she was taking back the stake “after more than five years of fruitful collaboration with LVMH.”
It continued: “This new chapter for Stella McCartney reflects her desire to write a new page in her story independently, after working closely with the group to strengthen the fundamentals and governance of her house.”
McCartney, who has also been serving as a consultant to LVMH management, and its founder Bernard Arnault, on sustainability issues, will continue to work with the group.
LVMH said McCartney will continue to advise Arnault and the executive team on sustainability issues as Global Ambassador on Sustainability.
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The luxury giant purchased the stake in Stella McCartney’s business in 2019, and at the same time brought her on board as a consultant in all things green. McCartney’s previous investor was Kering, which had a large minority share.
With LVMH as a partner, McCartney shifted her fabric and supply chain research into high gear, and also worked closely with some of the other LVMH brands, helping to upcycle materials and waste.
She also launched a skin care line with LVMH in 2022. The ambitious project aimed to tick as many eco-boxes as possible using the fewest number of products, and ingredients.
WWD has reached out to McCartney for comment.
