LVMH Moët Hennessy Louis Vuitton Did NOT Buy A Stake In Victoria Beckham’s Brand

By  |  0 Comments
Share Button

victoriabeckhamvoguea3

Above image: Victoria Beckham for Vogue Australia by Patrick Demarchelier

Yes, fashion entrepreneuress and businesswoman Victoria Beckham was spotted meeting with Pierre-Yves Russel, chief executive of the LVMH Moët Hennessy Louis Vuitton Fashion Group, but the LVMH has not brought a stake in her brand, nor is Beckham selling it (at the current moment).

According to The New York Times, “The official word from Pierre-Yves Roussel, which is where the Beckham brand would fall if it were bought by the conglomerate, is ‘No, we haven’t.’”

A spokeswoman for Beckham said “We can confirm there are no current plans to sell any part of the business.”

The spokeswoman said “current” which means a plan to sell the brand or a stake in the future could possibly happen.

Executives, designers and brands meet together quite often. It doesn’t necessary mean that the meeting is about producing a sale.

Sales almost doubled from 2012 to 2013, to 30.39 million pounds ($47.4 million) from £15.76 million pounds.

Photo Credit: Patrick Demarchelier

Source: The New York Times 

Share Button

Donovan

Donovan is the CEO and Editor-In-Chief of www.dmfashionbook.com. For all general inquiries please email don@dmfashionbook.com Donovan has a BA in Journalism & Media Studies from the prestigious Rutgers University. He's currently studying entertainment and fashion law.

You must be logged in to post a comment Login