Source: Aimé Leon Dore
Moët Hennessy Louis Vuitton (LVMH) has reportedly given an injection of funds to Aimé Leon Dore. Its new subsidiary, LVMH Luxury Ventures, which focuses on investing in new brands, is rumored to be acquiring a minority stake in the New York-style brand.
Through this partnership, LVMH will offer support and direction to Aimé Leon Dore. Announcing the news, Teddy Santis, founder and creative director, said “LVMH’s extensive network across the industry and its rich history of establishing exceptionally renowned labels offer a unique partnership to drive the growth of Aimé Leon Dore. “Then he added, “This provides a valuable opportunity for cooperation to facilitate the next round”.
Aimé Leon Dore will continue to operate independently in New York City, “with support and guidance from LVMH Luxury Ventures,” per the release.
Founded in 2014 by fashion designer Teddy Santis, Aimé Leon Dore is known for its ready-to-wear clothing, footwear, accessories and “special projects,” including partnerships with other brands. Santis last year was also named creative director of New Balance MADE in the USA.