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LVMH takes stake in Marco de Vincenzo

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Marco de Vincenzo

Marco de Vincenzo Photo: Rex

Luxury fashion conglomerate LVMH has confirmed that its has taken a minority stake in Italian label Marco de Vincenzo.

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The exact percentage has not been disclosed, though is described as “significant” with the possibility of increase in years to come.

The acquisition was spearheaded by Delphine Arnault, second-in-command at Louis Vuitton and daughter of LVMH CEO Bernard Arnault. Additonally, she leads the company’s search for new talent. Last year she masterminded its investment in British labels J.W. Anderson and Nicholas Kirkwood.

READ MORE: Marco De Vincenzo, LVMH’s new protégé

“We are convinced that together we will develop successfully his brand. This new partnership is in the DNA of LVMH, which has always supported young designers,” Arnault told WWD.

De Vincenzo, 34, founded his eponymous label in 2009, following a lengthy tenure at Fendi, where he worked on accessories.

“Through Fendi, I have known and appreciated LVMH,” he said. “Today, a new phase starts. The challenge is exciting and ambitious.”

Looks from Marco de Vincenzo’s spring/summer 2014 collection. Photos: Rex

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