LVMH in advanced talks to buy stake in J.W. Anderson- sources

September 20
9:05 AM 2013

Sources told Bloomberg that luxury goods maker LVMH Moet Hennessy Louis Vuitton was close to buying a stake in J.W. Anderson. Two people familiar with the matter said LVMH was already in advanced talks with the London-based fashion designer. A deal could be inked within the month, they said. The sources spoke on the condition of anonymity as the information was private.

LVMH also announced today that it had bought a majority share in Nicholas Kirkwood, a London-based shoemaker. The company said the acquisition of Kirkwood was an affirmation of its pledge of nurturing talent and creativity. According to Bloomberg, a stake in Anderson would emphasize the continued appeal of emerging designers. They had become the acquisition targets for big luxury firms looking to keep shoppers engaged.

In 2008, Jonathan William Anderson started the label that bore his name. The London College of Fashion graduate had also done projects with Gianni Versace and Philip Green of Topshop.

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