LVMH is Taking a Minority Stake in Gabriela Hearst by Way of Luxury Ventures Fund

After investing in sneaker consignment site Stadium Goods last year, LVMH is taking a minority stake in Gabriela Hearst. According to a statement from the Paris-based luxury goods conglomerate, its LVMH Luxury Ventures is investing in Hearst’s 4-year old New York-based womenswear brand, a deal for which the terms have not been revealed but which will likely see the startup fund pour between 2 million euros ($2.3 million) and 10 million euros ($11.48 million) into the brand.

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