Luxury Giant LVMH Takes Majority Stake In Shoe Designer

Law360, New York (September 20, 2013, 3:56 PM ET) -- French luxury goods powerhouse LVMH Moet Hennessy Louis Vuitton SA said Friday it will take a majority stake in Nicholas Kirkwood, the high-end British shoe designer made famous on the feet of red carpet regulars including Sarah Jessica Parker and Gwyneth Paltrow.

The company did not say how much it would pay or how big its ownership interest in the 33-year-old designer's eponymous company will be. The purchase comes as LVMH reshuffles its portfolio and makes moves to bring in popular up-and-comers to complement a portfolio...
To view the full article, register now.