The French fashion house will help expand the Italian jeweler’s distribution network
LVMH Group has taken a minority stake in Repossi, the Italian luxury jeweler.
“[The LVMH Group’s] support will be important for us to pursue our strategy and develop our distribution network,” said Gaia Repossi, artistic and creative director of Repossi.
“LVMH is delighted to support the development of Repossi,” said Delphine Arnault, executive vice president of Louis Vuitton and LVMH director. “Repossi’s success shows a promising future with which we are pleased to be associated.”
In addition to developing Repossi’s distribution network, the partnership will also allow the Italian jeweler to benefit from the “managerial know-how” of the celebrated luxury-goods company.