Latest news with #LLV
Fashion Network
15-07-2025
- Business
- Fashion Network
Paris-based knitwear label Molli joins LVMH Luxury Ventures portfolio
Luxury knitwear house Molli has brought LVMH Luxury Ventures Fund I (LLV) on board as a minority shareholder. Backed by the LVMH Group, the investment marks the brand's first capital raise since entrepreneur Charlotte de Fayet took ownership in 2014. Founded in 1886 with a legacy in trousseau and luxury babywear, Molli has reinvented itself as a sophisticated womenswear label under Charlotte de Fayet's leadership. Celebrated for its delicate knitwear and signature use of color, the brand works with specialist workshops across France and Italy to craft timeless pieces rooted in quiet, sustainable luxury. 'This investment from LLV is a tremendous opportunity to support our global growth and expand our community,' said de Fayet, who serves as the brand's general manager. 'It will allow us to open new stores internationally, and also deepen our commitment to craftsmanship and creativity—through both innovative knitting techniques and the continued pursuit of the finest yarns and most beautiful color palettes that define Molli's signature style.' The financial terms of the transaction were not disclosed. The investment comes during a phase of steady expansion for the Paris-based brand. In early May, Molli opened its largest boutique to date: a 100-square-meter flagship on Rue François-1er, in the heart of the city's prestigious Golden Triangle. This location joins Molli's existing network of four standalone boutiques in Paris, a corner at Le Bon Marché, and a retail presence in approximately 100 locations across 15 countries. The United States—currently Molli's second-largest market—has been identified as a key focus for growth. E-commerce remains central to the company's strategy, with its online store accounting for 35% of total revenue, more than half of which comes from international customers. Currently, international markets account for approximately one-third of Molli's overall sales. LVMH Luxury Ventures Advisors (LLVA), which manages strategic minority investments for the fund, aims to empower emerging luxury brands while preserving their individuality and entrepreneurial spirit. LLVA has also supported labels such as Gabriela Hearst, Aimé Leon Dore, and Officine Universelle Buly.
Fashion Network
15-07-2025
- Business
- Fashion Network
Paris-based knitwear label Molli joins LVMH Luxury Ventures portfolio
Luxury knitwear house Molli has brought LVMH Luxury Ventures Fund I (LLV) on board as a minority shareholder. Backed by the LVMH Group, the investment marks the brand's first capital raise since entrepreneur Charlotte de Fayet took ownership in 2014. Founded in 1886 with a legacy in trousseau and luxury babywear, Molli has reinvented itself as a sophisticated womenswear label under Charlotte de Fayet's leadership. Celebrated for its delicate knitwear and signature use of color, the brand works with specialist workshops across France and Italy to craft timeless pieces rooted in quiet, sustainable luxury. 'This investment from LLV is a tremendous opportunity to support our global growth and expand our community,' said de Fayet, who serves as the brand's general manager. 'It will allow us to open new stores internationally, and also deepen our commitment to craftsmanship and creativity—through both innovative knitting techniques and the continued pursuit of the finest yarns and most beautiful color palettes that define Molli's signature style.' The financial terms of the transaction were not disclosed. The investment comes during a phase of steady expansion for the Paris-based brand. In early May, Molli opened its largest boutique to date: a 100-square-meter flagship on Rue François-1er, in the heart of the city's prestigious Golden Triangle. This location joins Molli's existing network of four standalone boutiques in Paris, a corner at Le Bon Marché, and a retail presence in approximately 100 locations across 15 countries. The United States—currently Molli's second-largest market—has been identified as a key focus for growth. E-commerce remains central to the company's strategy, with its online store accounting for 35% of total revenue, more than half of which comes from international customers. Currently, international markets account for approximately one-third of Molli's overall sales. LVMH Luxury Ventures Advisors (LLVA), which manages strategic minority investments for the fund, aims to empower emerging luxury brands while preserving their individuality and entrepreneurial spirit. LLVA has also supported labels such as Gabriela Hearst, Aimé Leon Dore, and Officine Universelle Buly.
Hypebeast
16-06-2025
- Business
- Hypebeast
Db Announces Footballer Erling Haaland and Billionaire Model Gustav Magnar Witzøe as its Latest Partners
LVMH-backedScandinavian luggage brandDbhas revealed that footballerErling Haaland and billionaire modelGustav Magnar Witzøe have joined it as 'strategic partners and investors.' Today's announcement marks the latest push in the brand's self-described 'bold international expansion' and followsLVMH Luxury VenturesFund I (LLV) acquisition of a minority stake in the business at the end of 2024. Db's new partners also come onboard as minority shareholders and the company says they will work alongside LLV to drive the brand's global expansion. In a press release, Db explains its choice to team up withHaaland and Witzøe as an intentional one that it hopes will achieve its 'ambition to gather communities at the crossroad of sport, outdoor, adventure and lifestyle.' Speaking to today's news, Db's founder, Truls Brataas, said the brand 'always look for like-minded people who share our ambitions, passion, and mindset,' adding that 'Erling and Gustav are two exceptional individuals who dare to dream big' and describing his new partners as 'aperfectmatch to Db.' In case you missed it, Hypebeast caught up with Db's Creative Director, Vincent Laine, recently – check it outhere.
Yahoo
24-02-2025
- Automotive
- Yahoo
What Should Be The Next Mail Truck When The Post Office Gets Privatized?
After lengthy delays, the Oshkosh NGDV finally made its delivery debut with the U.S. Postal Service last September. The oddly proportioned truck quickly won over postal workers while being deemed an ugly duckling by online commentators. However, they could become an endangered species during Trump's second term in office. The budget-slasher-in-chief made moves last week hinting at a potential privatization of the USPS. What do you think the next mail truck will be after the Post Service inevitably gets privatized? While Oshkosh's machine is practical for couriers toiling away to ensure that your mail reaches its destination, there will certainly be corporate number crunchers dissatisfied with its terrible fuel economy of 8.6 miles per gallon. There were plans to transition the Oshkosh-built fleet to an EV powerplant over the next 10 years with $3 billion in funding provided by President Biden's Inflation Reduction Act. It wouldn't surprise anyone that Trump wants to cancel that deal. Read more: New EVs Still Can't Beat The Efficiency Of A Plug-In Hybrid For the procurement specialist in the comments, there are plenty of viable options. With Amazon's exclusivity deal ending, the Rivian Electric Delivery Van is now available for anyone to order. You could convince Northrop Grumman to restart production of the venerable LLV. Maybe there are enough Pontiac Azteks still on the road to assemble a postal fleet. I only have two rules: it has to be a single-model fleet, and it has to be feasible to get 100,000 vehicles. The U.S. Post Office was deemed vital enough during the country's founding that it was enshrined in the Constitution. The service helped connect our continent-spanning country in an era before the Internet or even the telegraph, arguably the country's greatest achievement. Today, it still serves a crucial role as the federal government's final mile outpost in communities big and small. Now, imagine the worst possible scenario in the comments below for what an equity firm C-suite is willing to shove out onto our roads. Read the original article on Jalopnik.
