New Guards Group Is Reportedly Looking For Investors, LVMH Thrown In The Mixed

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Off-White Spring 2019 Menswear.

MILAN —¬†New Guards Group, the¬†Italian¬†holding company founded in¬†Milan¬†by¬†Claudio Antonioli, Davide de Giglio¬†and¬†Marcelo Burlon, which operates a portfolio of brands including¬†Off-White, County of Milan, Palm Angels, Unravel Project, Alanui, A Plan Application and¬†Heron Preston¬†is¬† reportedly looking for an investor, according to sources in Milan.

The group’s principal partners de Giglio, Antonioli and Burlon, who founded the group in 2015, are understood to be keen to cash out part of their stakes given how hot their labels have become.

In Paris, FashionNetwork.com asked¬†LVMH Mo√ęt Hennessy Louis Vuitton SE. CEO, Chairman¬†and¬†French¬†business magnate¬†Bernard Arnault¬†at the Dior Homme show about the reports of possible interest.

According to the online publication, with a smile, he replied: ‚ÄúNew Guards, c‚Äôest quoi √ßa?‚ÄĚ meaning, “What‚Äôs that?”

‚ÄúIt‚Äôs a new restaurant!‚ÄĚ replied¬†Pietro Beccari, CEO of Dior.

New Guards Group¬†hasn’t response to report at the time of posting.

Stay tuned to DM Fashion Book as this story develops!

Off-White Spring 2019 Menswear.

Photos Credit: Kim Weston Arnold / Indigital.tv

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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.