LVMH has invested in a minority stake of sustainable US womenswear brand Gabriela Hearst.
LVMH Luxury Ventures, the investment arm of the luxury conglomerate, which also owns brands including Louis Vuitton, Givenchy and Dior, has bought the shares, WWD has reported.
The terms of the deal have not been disclosed, but LVMH Luxury Ventures usually invests between €2m and €15m (£1.77m and £13.3m) in each business it works with.
Gabriela Hearst has become known for its sharp, masculine-tailored suiting and was won the International Woolmark Prize in 2016.
Sustainability is a core focus of the label, which Hearst has said she set up “to create a brand that reflects a slower pace and process: where things are made with care and detail, where tradition is more important than trend and where there is a purpose to every piece”.
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