LVMH Buys Majority Stake in Nicholas Kirkwood--and the Shoe Designer Is Walking On Air

Around midnight last night, Nicholas Kirkwood was celebrating in his shop in Mayfair as a steady stream of friends banged on his door saying, “Hooray! Amazing news!” The glad tidings: it had just been announced that LVMH, the French luxury conglomerate, has bought a majority stake in Kirkwood’s already flourishing shoe business.