Stella McCartney buys back stake in fashion brand from LVMH Stella McCartney has bought back a stake in her fashion business from luxury clothing giant LVMH (Louis Vuitton Moet Hennessy).
It is understood the designer, who is the daughter of The Beatles’ Sir Paul McCartney, had originally sold a 49% stake in her fashion house to LVMH.
LVMH said Ms McCartney will continue to advise chief executive Bernard Arnault – who is one of the world’s wealthiest individuals – and the company’s executive team on sustainability issues.
In a statement, the companies said: “This new chapter for Stella McCartney reflects her desire to write a new page in her story independently, after working closely with the group to strengthen the fundamentals and governance of her house.”.
Gucci owner Kering had previously owned part of the brand before a stake was sold to LVMH.
