LVMH invest in Fendi accessories designer Marco de Vincenzo
Huge show of support for his emerging RTW label
Marco de Vincenzo is the latest designer to have attracted the French multinational luxury goods conglomerate – LVMH Moët Hennessy Louis Vuitton.
Delphine Arnault, the daughter of LVMH chairman and CEO Bernard Arnault, who has been keeping an eye on emerging design talents around the world, is said to have played a major part in the company's newest joint venture. LVMH is set to acquire a minority holding in the Marco de Vincenzo label — with an option to increase its stake in the future – as they would like to help the Rome-based designer steadily develop his emerging ready-to-wear brand, reports WWD.
Back in 2000, De Vincenzo joined Roman fashion house Fendi (also owned by LVMH) as an accessories designer, where he will continue to work under the new agreement.
On Sunday, backstage at De Vincenzo's Milan show, the designer expressed his enthusiasm about the LVMH deal saying, "I needed to make my research stronger, and they are the perfect partner."
De Vincenzo is the fourth designer in the last two years to attract an investment from LVMH, and is hoping to emulate the business paths of British designers J.W. Anderson and Nicholas Kirkwood, who both received a cash influx from LVMH last year.