Gabriela Hearst Announces Investment from LVMH Luxury Ventures
LVMH Luxury Ventures investment
NEW YORK, NEW YORK, January 14, 2019
LVMH Takes Minority Stake in Gabriela Hearst
Gabriela Hearst LLC today announced that it has received a minority investment from LVMH Luxury Ventures, an entity within LVMH focused on investments in iconic brands.
Terms of the investment were not disclosed. The Gabriela Hearst brand was launched in 2015, and reflects Gabriela’s commitment to creating a strong, modern collection of luxury ready to wear and accessories that take into consideration where materials come from and who is making them.
In the three years since her brand came to life, Gabriela has received numerous awards and nominations for visionary fashion talent. The LVMH Luxury Ventures investment will be used to support the ongoing expansion of the Gabriela Hearst brand presence around the world.
About Gabriela Hearst: Gabriela honored her family’s heritage through the launch of her eponymous label in Fall 2015 after taking over the operations of her father’s ranch in Uruguay. She wanted to create a brand that reflects a slower pace and process: where things are made with care and detail, where tradition is more important than trend, where there is a purpose to every piece.
Gabriela’s commitment is to make a strong and modern collection without compromising her ethics and key values, taking into consideration where materials come from and who is making them: luxury with a conscience or in other words, “honest luxury”.
Gabriela Hearst opened its flagship store at the Carlyle House, on Madison Avenue, in November 2018.
About LVMH Luxury Ventures: Launched in 2017, LVMH Luxury Ventures is an entity within the LVMH Group aimed at taking minority stakes in emerging (but already iconic) brands, with a view to creating value.
The size of the investment allocated to each company ranges from €2m to €15m. LVMH Luxury Ventures’ first investment is in the French apothecary brand l’Officine Universelle Buly.
Its second investment was in Stadium Goods, which was subsequently acquired by Farfetch. The investment in Gabriela Hearst is its third.