Sep 20th 2013, 13:23, by Katharine K. Zarrella
Following months of rumors, it was announced this morning that LVMH has acquired a majority stake in London-based footwear label, Nicholas Kirkwood. “It’s with a great sense of excitement and pride that I enter into this partnership,” offered Kirkwood in a press release. “LVMH is home to the most celebrated and revered brands and talents in our industry, and has an implicit understanding of luxury. From my first meeting with Delphine Arnault and Pierre‐Yves Roussel of LVMH, it was clear that LVMH would be the best partner for our brand as we have the same values of design, creativity, and craftsmanship.”
Having launched in 2005, Kirkwood’s brand hasn’t done too shabbily on its own. The Central Saint Martins-trained designer—known for his playful approach to colorful, sexed-up shoes—has stand alone stores in New York, London, and Las Vegas, is sold at retailers worldwide, won the 2013 BFA/Vogue Fashion Fund Award, and launched a men’s range earlier this year. Needles to say, with LVMH backing his already flourishing business, further expansion is nigh. Only one question remains: is J.W. Anderson next?
—Katharine K. Zarrella
Photo: Will Ragozzino/BFAnyc.com
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