LVMH Purchases Minority Stake In Stella McCartney's Namesake Brand

Stella McCartney has partnered with LVMH in a deal announced earlier today, marking just over a year since the designer reclaimed full ownership of her namesake brand from former partner Kering. LVMH has purchased a minority stake in the label, while McCartney will remain in place as creative director and majority owner.McCartney has also been appointed as a special advisor on sustainability to LVMH CEO Bernard Arnault, as well as the company's executive committee. Her unwavering emphasis on eth...