LVMH strengthens stable with high-end shoe brand

26/09/2013
French luxury group LVMH is buying a majority stake in UK footwear brand Nicholas Kirkwood to boost its stable of young designers.

Mr Kirkwood learned the craft of shoemaking at London-based Cordwainers College before founding his brand in 2004 together with his business partner Christopher Suarez.

LVMH and rival Kering, whose stable includes British fashion brand Christopher Kane, are vying to establish a reputation as backers of budding fashion talents.

"This acquisition affirms the ongoing commitment of LVMH to nurture talent and creativity, considered as the heart of any success in the industry in which they are leaders," LVMH said in a statement.

Kirkwood's collections are distributed in 150 department and specialty stores around the world as well as three flagship stores in London, New York and Las Vegas.