The deal makes a luxury power player even more influential.
, “I’m getting a seat at the table.” The designer now becomes the most powerful Black executive at the global conglomerate. LVMH said it plans to partner with the Abloh to launch new brands and collaborate with existing ones in a variety of sectors beyond fashion. In addition to renowned houses like Louis Vuitton, Fendi and Givenchy, LVMH also owns or has a controlling stake in a wide swath of luxury brands ranging from Dom Pérignon and Veuve Clicquot to Tiffany & Co. and Tag Heuer.
“I’m incredibly excited to work together with LVMH on other possible collaborations—an evolution of the great relationship I have had with LVMH, Bernard Arnault, Michael Burke at Louis Vuitton and others,”. “I’m also honored to use this partnership to deepen my longstanding commitment to expand opportunities for diverse individuals and foster greater equity and inclusion in the industries we serve.
Only time will tell what that “new level” looks like, but one thing is certain: Abloh’s star isn’t done ascending.
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