LVMH purchases shares in Giuseppe Zanotti
A step in the right directon
When the leading management team at Giuseppe Zanotti announced last December that the brand was looking for buyers to take ownership of the label, holding company LVMH was immediately named first in the "list of suspects" to step forward.
Today, it has been confirmed that those rumours were true: and although the label has not been sold in its entirety, LVMH has acquired a 30% stake in Giuseppe Zanotti.
Zanotti himself will remain at the helm of the company. According to the 56-year-old designer, he looks to the future with pride and optimism – and believes that his new association with the fashion giant will allow the brand to expand its influence in the international market. LVMH is always on the hunt for promising designers to work with, and recent investments have also included fellow shoe master Nicholas Kirkwood and Irishman Jonathan Anderson.