Skip to content

LVMH exits Stella McCartney stake amid luxury market shift

LVMH is selling its 49% stake in Stella McCartney back to the brand’s founder as part of its efforts to streamline its portfolio amidst a downturn in the luxury market. The terms of the sale were not disclosed, and LVMH’s shares saw a slight decline following the announcement. This sale follows other recent moves by LVMH, including the offloading of Off-White and its stake in Cruise Line Holdings. Stella McCartney, known for eco-friendly and animal-free designs, had sales of 40 million British pounds in 2022, but also posted an operating loss. McCartney will continue to advise LVMH on sustainability matters.

Get more news based on your interests