LVMH Sells Off-White Label to Brand Management Company
Provided by
Dow Jones
By Pierre Bertrand
LVMH has sold Off-White, the company that owns the Off-White luxury streetwear brand, to New York-based brand management company Bluestar Alliance.
The terms of the deal were not disclosed, the companies said late Monday.
The French luxury-goods group in July 2021 agreed to acquire a 60% majority stake in the company with Off-White founder Virgil Abloh holding the remaining 40%.
Off-White was founded in 2012.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
October 01, 2024 01:43 ET (05:43 GMT)
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