LVMH Confirms Investment in Madhappy

As The Business of Hype reports, luxury conglomerate LVMH has confirmed an investment in Californian loungewear label Madhappy. The two-year-old label recent drew $1.8 million USD from its March seed round, enjoying funds from the likes of College Fashionista founder Amy Levin Klein and the Sweetgreen founders.Like its investment in Stadium Goods -- which preempted Farfetch's $250 million USD acquisition -- the Madhappy investment was led by LVMH's Luxury Ventures imprint. Financial details have...