It looks like LVMH might be following Kering’s lead by investing in a burgeoning London talent.
Just a few months after Kering (then PPR) took a majority stake in Christopher Kane and a few days after it took a minority stake in New York-based Altuzarra, WWD is reporting that LVMH has plans to get on the young, buzzy designer bandwagon.
Sources tell the trade that LVMH, better known for its roster of luxury heritage labels, has held talks with J.W. Anderson about investing in his business. Anderson, known for his often interchangeable men’s and women’s collections, won last year’s British Fashion Award for emerging talent.
The last time LVMH invested in a fledgling label was this past February, when it took a minority stake in young French couturier Maxime Simoens, following rumors that Bernard Arnault wanted to keep his eye on the designer for future job openings.
And chances are the same reasoning is behind LVMH’s interest in Anderson, if these rumors are true.
Interestingly, Kane and Anderson have a lot in common. In addition to both showing in London, Anderson followed Kane in designing a collection for Versace’s Versus line, for which Kane had been the creative director. And, according to WWD, their studios are in the same building. They both also have successful collaborations with Topshop under their belt.
Anderson’s business could undoubtedly benefit from the support of a luxury conglomerate. It will be interesting to see if anything gets announce in advance of the designer’s London Fashion Week show this Saturday.