LVMH Luxury Ventures invests in Aimé Leon Dore

United States
Published:  19 January, 2022
Credit: Aimé Leon Dore

The investment division of the French luxury group has acquired a minority investment in the New York-based streetwear brand for an undisclosed cost.

LVMH reports that the brand will continue to work independently while receiving guidance from the group. Founded in 2014, Aimé Leon Dore has developed a following for its urban streetwear influenced by New York City and has previously collaborated with brands such as New Balance and Woolrich.

Founder Teddy Santis, who recently became Creative Director of the ‘Made in USA’ line of New Balance, said: “LVMH’s vast network of global leaders across the industry and its rich history in growing exceptional storied brands offers a truly unique partnership opportunity to fuel the next chapter of growth for Aimé Leon Dore.”

Source: Fashion United